United States President Donald Trump has announced plans to impose 25 percent tariffs on all steel and aluminum imports, and reciprocal tariffs on countries levelling duties on US goods.
Trump said on Sunday that he would formally announce the tariffs on steel and aluminum the following day, and the countervailing levies later in the week
Trump did not specify which country would be subject to the retaliatory tariffs but said they would not affect all countries.
“Very simply, it’s if they charge us, we charge them,” Trump told reporters on Air Force One.
“If they are charging us 130 percent and we’re charging them nothing, it’s not going to stay that way,” Trump said.
Canada is the top supplier of steel to the US, followed by Brazil, Mexico, South Korea and Vietnam, according to US government and American Iron and Steel Institute data.
Credit: Aljazeera