President Trump announced a White House meeting on Thursday, where he is expected to sign a formal order to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports, NPR reports.
"We have to protect & build our steel and aluminum industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military," Trump tweeted.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The pressure of South Korea's celebrity cultureIn The Spotlight South Korean actress Kim Sae-ron was laid to rest on Wednesday after an apparent suicide
-
Should lying in politics be a criminal offence?Today's Big Question Welsh government considers new crime of deliberate deception by an elected official
-
Store closings could accelerate throughout 2025Under the Radar Major brands like Macy's and Walgreens are continuing to shutter stores
-
Trump's China tariffs start after Canada, Mexico pausesSpeed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
-
Chinese AI chatbot's rise slams US tech stocksSpeed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
-
US port strike averted with tentative labor dealSpeed Read The strike could have shut down major ports from Texas to Maine
-
Biden expected to block Japanese bid for US SteelSpeed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
-
Judges block $25B Kroger-Albertsons mergerSpeed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
-
Rupert Murdoch loses 'Succession' court battleSpeed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
-
Bitcoin surges above $100k in post-election rallySpeed Read Investors are betting that the incoming Trump administration will embrace crypto
-
Enron mystery: 'sick joke' or serious revival?Speed Read 23 years after its bankruptcy filing, the Texas energy firm has announced its resurrection
