President Trump is expected to release details on new tariffs today, targeting steel and aluminum imports. There are a few details right now, but it reaffirms his stand on taking back control over trade.
Trump told reporters aboard Air Force One that the U.S. will impose 25 percent tariffs on all steel and aluminum imports. President Trump also said he will announce reciprocal tariffs this week on any countries adding duties to the United States.
This all comes just one week after base tariffs on Canada and Mexico were put on pause for a month, as talks continue on securing both sides of the border.
Related Stories
At the White House’s “Celebration of Agriculture,” the Trump Administration announced a slate of policies to support farmers and ranchers, including biofuel mandates, SBA loan programs, and new labeling policies to boost domestic markets for ag products.
Expanded access could boost demand for U.S. exports.
White House hosts “Celebration of Agriculture” as Trump administration signals new farmer support, including potential tax breaks and upcoming renewable fuel policy updates.
For agriculture, the meeting is seen as a potential turning point, with markets watching closely for any signals on trade, exports, and future purchasing commitments.
As farmers and ranchers navigate rising input costs, lawmakers are considering a roughly $15 billion aid package to help, which would be tied to the spending bill for the war with Iran.
The ag trade deficit is narrowing, but export competition remains strong.
