UPDATE
Feb 10, 2025 5:46 PM CST
President Trump, repeating a move from his first term, slapped tariffs on imported steel and aluminum Monday. "It's a big deal. This is the beginning of making America rich again," he said as he signed two executive orders imposing 25% tariffs on the imports. The Biden administration relaxed tariffs on steel and aluminum from allies including Canada, Mexico, Japan, and South Korea, but they will now be reimposed, the Wall Street Journal reports. "No exceptions, no nothing," Trump said Monday.
Feb 10, 2025 2:30 AM CST
En route to the Super Bowl Sunday, President Trump previewed an announcement he says is coming Monday. "Any steel coming into the United States is going to have a 25% tariff," he told reporters aboard Air Force One. "Aluminum, too." He also promised "reciprocal tariffs" coming later in the week, "probably Tuesday or Wednesday," which the AP takes to mean that the US will impose import duties in response to other countries that have imposed such duties on the US. "If they are charging us 130% and we're charging them nothing, it's not going to stay that way," he said. But some trading partners might not be affected, NBC News reports.
"It won't affect everybody, because there are some where we have similar tariffs, but the ones that are taking advantage of the United States, we're going to have a reciprocity," Trump continued. "Very simply it's if they charge us, we charge them." A survey last week found that Americans are expecting Trump's tariffs to bump up inflation, and after Trump first promised reciprocal tariffs on Friday, financial markets dropped. While Trump has sometimes painted tariffs as fees that other countries pay, it's actually importers who pay the duties, and those US companies often pass along the higher prices to consumers. (More tariffs stories.)
,
uBlock 
,
and
Ghostery 
)
