Donald Trump has said he will announce new 25% tariffs on all steel and aluminium imports into the US on Monday that would affect “everybody”, including its largest trading partners Canada and Mexico, in another major escalation of his trade policy overhaul.
Trump’s pre-announcement came as China’s retaliatory tariffs, announced last week, came into effect. The measures target $14bn worth of products with a 15% tariff on coal and liquid natural gas, and 10% on crude oil, farm equipment and some vehicles.
