Trump: Will announce a 25% tariff on all imported steel and aluminum on Monday
Golden Finance reports that US President Trump stated he will announce on Monday a 25% tariff on all imported steel and aluminum. The tariffs will apply to metals imported from all countries. However, Trump did not specify when the tariffs would take effect. In addition, he also said that he will announce later this week reciprocal tariffs on countries that impose taxes on goods imported from the United States. Trump said these tariffs would not take effect on the same day they are announced, possibly Tuesday or Wednesday, but they would take effect soon.
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The Dow Jones Index opened down 21.38 points at 48,440.55 points.
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