Trump planning new tariffs on steel and aluminum imports

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President Donald Trump indicated on Sunday that he plans to announce a new round of tariffs early this week that includes 25% tariffs on all imports of steel and aluminum and separate reciprocal tariffs.

The steel and aluminum tariffs will apply to all countries, while the other reciprocal tariffs will be on countries that tax U.S. imports. Trump said he would announce the metal tariffs on Monday, but did not specify when they would take effect. The president also said he would announce the reciprocal tariffs on Tuesday or Wednesday, and those would take effect “almost immediately.”

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