Washington — President Donald Trump was set to announce steep tariffs on steel and aluminium imports on Thursday, people familiar with the matter said, in what would be one of his toughest actions yet to implement a hawkish trade agenda that risks antagonising friends and foes alike. However, the expected announcement did not materialise and Trump later said the US would institute the tariffs next week. Trump told aides he wants to announce tariffs of 25% on steel and 10% on aluminium from all countries, according to two people who asked not to be identified because the deliberations are not public. One person said that the details of the decision might change and that it was possible some countries might be granted exemptions. An announcement would end months of uncertainty. "Our steel and aluminium industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world," Trump said in a Twitter posting on Thursday. "We must n...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.