Economics
Trump Signs Tariff Order on Metals With Wiggle Room for Allies
- U.S. to impose 25% tariff on steel and 10% on aluminum
- Mexico and Canada to be excluded; door open to other nations
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President Donald Trump followed through on his pledge to impose stiff tariffs on imported steel and aluminum, while excluding Canada and Mexico and leaving the door open to sparing other countries on the basis of national security.
The president signed a proclamation authorizing the tariffs at a meeting Thursday afternoon with workers from the steel and aluminum industries. The U.S. will levy a 25 percent duty on steel and 10 percent on aluminum, the same level Trump promised when he revealed the plan March 1. The tariffs will take effect in 15 days.