Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.

Summary

Donald Trump announced that the U.S. will impose 25% tariffs on all steel and aluminum imports starting Monday, including from Canada and Mexico.

He also plans “reciprocal tariffs” on goods from countries imposing duties on U.S. products.

Markets reacted negatively, with stocks dropping over tariff concerns.

Trump previously paused tariffs on Canada and Mexico but imposed 10% duties on China.

  • gandalf_der_12te
    22·
    15 hours ago

    I would be a bit more careful about only listening to previous empirical data. Not everything can be extrapolated from the past.

    There is the story of the cock:

    A rooster wakes up every morning and crows, for a 1000 days in a row. The rooster observes this and, as a consequence, believes himself to be invincible. “Until now, i have always waken up the next day in the morning.”

    But the rooster, is not invincible, neither is he immortal. In fact, quite the opposite.

    Also, this XKCD: