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.

  • jmcs
    39·
    1 day ago

    How many hours until he cancels these ones too?

    • skuzz
      29·
      1 day ago

      What better way to run a money pump? Literally. It is what they are doing. You know when to buy, sell, short, or hedge.

      • 1984@lemmy.today
        211·
        1 day ago

        Most people dont understand how to make money in the stock market, because they are not interested. But once you do, you understand that this is exactly what is happening. Information about what is going to happen is all you need to make insane money.

      • jmcs
        12·
        1 day ago

        Aluminum is going to change its atomic symbol to Al and the UK - great country, very bad prime minister - is going to name their aluminum “aluminium” to distinguish it from the great high-IQ American metal. I’m suspending the tariffs for 2 years and one and two half days. I’m a biggly stable genius.

        • Donald Trump, February 11 2025
        • Honeybee@sh.itjust.works
          3·
          1 day ago

          The worst part about this, for the first three sentences I couldnt if it was serious. Then I suspected it may be satire, but I cant tell 100 percent certain

          • jmcs
            3·
            1 day ago

            The main clue is that in reality Trump has no clue about what an atomic symbol is.