President Donald Trump said that on Monday he will impose a 25% import tax on all steel and aluminium entering the U.S., a move that would have the largest impact on trade partners Canada and Mexico.
“Any steel coming into the United States is going to have a 25% tariff,” Trump told reporters Sunday on Air Force One as he flew to New Oreans for the Super Bowl, according to the CBC. “Aluminum, too, will be subject to the trade penalties.”
The tariffs would hit Canada and Mexico the hardest — two neighbors that have already been threatened with tariffs by the Trump administration.
The U.S. imports about $11 billion in steel and $9 billion in aluminum annually from Canada, according to Bloomberg. Mexico was second for steel at $6.5 billion and third for aluminum at about $686 million.
Trump during his first term imposed tariffs of 25% on steel and 10% on aluminum but later granted duty-free exemptions to several trading partners, including Canada, Mexico and Brazil.
Canadian Industry Minister François-Philippe Champagne said in a post on X that “Canadian steel and aluminum support key industries in the U.S. from defence, shipbuilding and auto. This is making North America more competitive and secure. We will continue to stand up for Canada, our workers, and our industries.”
Trump also said he will impose reciprocal tariffs by Tuesday or Wednesday in cases in which another country has levied duties on U.S. goods.
“And very simply, it’s, if they charge us, we charge them,” Trump said, according to Reuters.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now