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.
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“Applying significant broad-based tariffs on Mexico and Canada would be really a downside to the U.S. economy.”
$15 billion in U.S. energy, $4.5 billion ag products, 50 Boeing jets—plus a 19% tariff on Indonesian exports in exchange for U.S. market access.
If you don’t push back, do you get a better deal?
USMCA is “still intact.”
