President Donald Trump said he'll announce Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

Trump told reporters aboard Air Force One on his way to the Super Bowl that he will announce 25% tariffs on all imports of steel and aluminum.

Mr. Trump’s decision to impose tariffs on metals is not new. In his first term, the president levied tariffs on foreign steel and aluminum globally, angering allies like Mexico, Canada and the European Union. He ultimately rolled back some of those barriers on Canada and Mexico when they signed a revised trade agreement with the United States.

President Trump is set to announce a new set of steep tariffs on steel and aluminum imported into America. While speaking to reporters aboard Air Force One on his way to New Orleans to attend the Super Bowl, Mr. Trump said he would formally announce the new trade penalties on Monday.

Emerging market currencies are not as resilient, and only a few from Central Europe are firmer. Click to read.

President Donald Trump announces that “any steel coming into the United States is going to have a 25% tariff” as the fate of the penny hangs in the balance after he instructs the Treasury to stop making the 1 cent coin.

The US Mint reported losing $85.3 million in the 2024 fiscal year that ended in September on the nearly 3.2 billion pennies it produced.