President Donald Trump plans to impose 25% tariffs on all U.S. imports of steel and aluminum, broadening his trade restrictions on some of the country’s top trading partners and seeking to protect domestic industries that helped him win battleground states last year.
Speaking to reporters Sunday on Air Force One, Trump said the tariffs would apply to shipments from all countries, including major suppliers Mexico and Canada. He didn’t specify when the duties would take effect. Read more from Bloomberg. A subscription may be required.