Trump Moves Forward With Steel And Aluminum Tariffs, Says ‘It’s Not Going To Stay That Way’

President Donald Trump has announced that the U.S. will begin imposing 25% tariffs on all imported steel and aluminum, including shipments from Canada and Mexico. Speaking to reporters aboard Air Force One on Sunday, Trump emphasized that these tariffs are meant to counter trade imbalances.

“If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” Trump said. He also reaffirmed plans to introduce “reciprocal tariffs” on products from nations that impose duties on U.S. goods, stating that those measures could be announced as soon as Tuesday or Wednesday.

This decision follows a temporary pause on steel and aluminum tariffs for Canada and Mexico, which Trump had enacted just a week earlier. However, Trump now appears ready to move forward with duties on all imports, including from major trading partners.

The U.S. steel industry responded positively, with shares of leading companies rising sharply before the market opened Monday. Cleveland-Cliffs saw an 8% jump, U.S. Steel climbed 5%, and Steel Dynamics gained more than 6%.

International reactions were swift. South Korea’s government convened a high-level trade meeting to assess potential economic fallout, while stock prices of major Korean steel manufacturers, including POSCO and Hyundai Steel, dropped in early trading.

While Trump has not yet provided full details on how these tariffs will be structured, he has made clear that his administration is shifting toward a more aggressive stance on trade policy.