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Trump to escalate trade war with retaliatory tariffs
Al Jazeera
US president announces latest tariffs following trade measures directed at Canada, Mexico and China.
United States President Donald Trump has announced plans to impose 25 percent tariffs on all steel and aluminium 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 aluminium 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.