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U.S. President Donald Trump has revealed plans to impose a 25% tariff on all steel and aluminum imports, affecting countries including Canada and Mexico. During a flight to New Orleans, Trump indicated that this move represents a significant escalation of his trade policies, which will add to existing metal duties. "Any steel coming into the United States is going to have a 25% tariff," he stated, adding that the same would apply to aluminum (Sky News, 2025).
Trump also mentioned that he would unveil reciprocal tariffs by Tuesday or Wednesday, which would target all countries and mirror the tariff rates set by those nations. This announcement follows previous threats of tariffs on goods from Canada and Mexico, which he temporarily paused last week, and the 10% duties recently imposed on Chinese imports.
European Union officials, including German Chancellor Olaf Scholz, have warned they will respond rapidly should the U.S. implement these tariffs. Meanwhile, China's retaliatory tariffs on U.S. exports are set to take effect today, indicating rising trade tensions between the two nations (Sky News, 2025).