Trump announced 25% steel and aluminum tariffs on Monday
MGA Entertainment CEO Isaac Larian says Donald Trump is the “great” president, expressing concern over tariffs over the “Claman Countdown.”
president Donald Trump It is expected to announce a 25% tariff on all aluminum and steel imports into the United States earlier this week.
Speaking to Air Force 1 reporters on his plans Sunday afternoon, Trump is set to announce new tariffs on steel and aluminum imports on Monday. Trump will also announce “mutual tariffs” on Tuesday or Wednesday, or tariffs directed against countries that impose duties on US exports.
The latest tariffs reflect the 25% steel tariff and 10% aluminum tariff that his first administration imposed in 2018. At the time, the US was the largest importer of steel, and China was the largest exporter of steel.
Similarly, the US, along with Germany and China, is still one of the largest importers of aluminum.
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President Donald Trump said on Monday he would announce a 25% tariff on all aluminum and steel imports. (Chip Somodevilla/Pool/AFP via Getty Images/Getty Images)
On February 1st, Trump introduced the International Emergency Economic Force Act (IEEPA). Included 25% tariff Regarding 10% tariffs on imports from Canada and Mexico and imports from China. The tariffs have been receiving mixed reactions from consumers and negative reactions from foreign leaders, including Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sinbaum.
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“We need to protect Americans, and it is my duty as president to ensure everyone is safe,” Trump wrote in a Truth Social Post on February 1. “Drugs from pouring across our borders and Americans voted overwhelmingly in favor of it. ”
in White House Factsheet, authorities said Ieepa’s purpose is to help stop illegal immigration and toxic fentanyl and other drugs from flowing into our country. Last week, the largest steel producer in the United States The CEO of the company supported Ieepa tariffs.
In a letter obtained by Nucor Corp Chairman Fox News Digital, president and CEO Leon J. Topalian wrote, “I praise the first steps President Trump has made on America’s first trade agenda.” Masu.
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Left Treasury Secretary Scott Bescent has been involved with the Center President Donald Trump and Howard Lutonic, CEO of Cantor Fitzgerald LP, and Howard Lutonic, CEO of the Oval Office. He will give a lecture at the Executive Order Signing Ceremony. (Getty Images/Getty Images via Chris Kleponis/CNP/Bloomberg)
“We look forward to working with President Trump to enact trade laws and strengthening America’s manufacturing!” a statement has been added.
Fox Business ‘Emma Colton contributed to this report.