Economy category powered by

Trump says no exemptions on US steel and aluminum tariffs

US President Donald Trump said he has no intention of creating exemptions on steel and aluminum tariffs and said reciprocal and sectoral tariffs will be imposed on 2 April.

Last month, Trump raised tariffs on imports of steel and aluminum to a flat 25%, without exemptions or exceptions, in a move that was designed to help US industry while contributing to an escalating trade war.

Speaking to reporters on Air Force One, Trump says reciprocal duties on US trading partners will come alongside auto duties.

“In certain cases, both,” Trump says when asked if he will be imposing sectoral and reciprocal tariffs on 2 April.

“They charge us, and we charge them. Then, in addition to that, on autos, on steel, on aluminum, we’re going to have some additional,” he says.

Trump has said previously that he would impose reciprocal tariffs on US friends and foes alike at the beginning of April.

(Source: Reuters)

Read More

Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments
High Commissioner Manish: PM's visit reaffirms India's strategic vision for deepened engagement with Cyprus
Never stop growing: Lidl at UEFA Women’s EURO 2025
Kostas Koumis: The UAE market is promising and important for Cyprus tourism - The benefits of Investopia
Tourist arrivals record annual increase of 13.7% in May 2025
Viraj Kulkarni: I visualise at least six to eight times growth in the value of trade between Cyprus and India in the next few years
Broad public sector employment shows annual increase of 1.7% in first quarter of 2025
Bounced cheques at €62,164 in May after decreasing to €22,860 in April
EU FMs to discuss situation in Middle East via teleconference
Ηourly labour costs increased by 4.8% in first quarter of 2025