--- title: Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation | TIME description: President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. canonical: https://time.com/video/rJbv1IN2/ og:title: Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation og:description: President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. og:url: https://time.com/video/rJbv1IN2/ og:image: https://cdn.jwplayer.com/v2/media/rJbv1IN2/poster.jpg?width=720 og:type: video.other twitter:card: summary_large_image twitter:title: Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation twitter:description: President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. twitter:image: https://cdn.jwplayer.com/v2/media/rJbv1IN2/poster.jpg?width=720 --- * U.S. # Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation > Sponsored content. 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They are at time.com/newsletters and are separate from a paid subscription. ## Video: Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation [Watch (HLS stream): Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation](https://cdn.jwplayer.com/manifests/rJbv1IN2.m3u8) (2:32)  _Published 2025-02-11. President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week._ --- Feb 11, 2025 8:20 PM UTC --- ## More From This Series [All Videos](https://time.com/video/) [President Trump's Tariffs Draw Threats of Retaliation from EU, Mexico and Canada](/video/ZjJqDHK5/) ### President Trump's Tariffs Draw Threats of Retaliation from EU, Mexico and Canada [President Trump Signs Tariffs on Steel and Aluminum](/video/M2U43T7v/) ### President Trump Signs Tariffs on Steel and Aluminum [President Trump Announces That He Will Impose Steel and Aluminum Tariffs](/video/bujzSqau/) ### President Trump Announces That He Will Impose Steel and Aluminum Tariffs --- ## Transcript Because of the damage to the United States steel industry that those exceptions and exclusions have imposed were. Now, this order would reimpose that 25% ad valorem tariff rate on imports of steel. And it's presented for your signature now. Okay. Do you understand what that means? It's a big deal. It's a big deal. This is the beginning of making America rich again. So essentially, we're putting on a 25% tariff, without exception, on all, uh, aluminum and all steel. And it's going to mean a lot of businesses are going to be opening in the United States. Now we're going to be meeting over the next four week period, maybe on a weekly basis, and maybe we'll do a couple of them at different times and maybe together. But we'll be talking about other subjects like cars. We'll be talking about drugs and pharmaceuticals. We'll be discussing chips. And we're going to be doing some other things in addition to that, all of which will bring in a lot of jobs into our country. Cars is going to be a to be a very big one and a very important one, and America is going to be stronger than it ever was before. We have aluminum still to some. Okay. Let's go. So with respect to aluminum, similarly to steel, since 2018, a large number of exceptions and exemptions have been added into the law. This eliminates all of those and also increases the ad valorem tariff rate from 10 to 25%. Mostly, the last part is the most important, right? Would you say? Totally. So basically this is aluminum. The same thing. No exceptions. No nothing. And it's going to bring our aluminum business back and may go higher. I mean frankly it may go higher. So as the Australian Prime Minister has said that you are considering an exemption for Australia on steel, is that correct? And why? I just spoke to him a very fine man and he has a surplus. I mean, we have a surplus with Australia, one of the few. And the reason is they buy a lot of airplanes. They are rather far away and they need lots of airplanes. And we actually have a surplus. It's one of the only countries which we do. And I told him that that's something that we will give great consideration to. And would you consider one for the UK as well? Well, we have a huge deficit with the UK. Big difference. ```json {"@context":"https://schema.org","@type":"VideoObject","name":"Trump Imposes 25% Steel and Aluminum Tariffs in Latest Trade Escalation","description":"President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.","thumbnailUrl":"https://cdn.jwplayer.com/v2/media/rJbv1IN2/poster.jpg?width=720","uploadDate":"2025-02-11T19:14:52.000Z","contentUrl":"https://cdn.jwplayer.com/manifests/rJbv1IN2.m3u8","embedUrl":"https://time.com/video/rJbv1IN2/","duration":"PT2M32S","potentialAction":{"@type":"SeekToAction","target":"https://time.com/video/rJbv1IN2/?jw_start={seek_to_second_number}","startOffset-input":"required name=seek_to_second_number"}} ```