Donald Trump to announce raft of new trade tariffs including on steel | Global News Avenue

President Donald Trump said he would announce all steel and aluminum entering the United States, a move that would have the greatest impact on Canada.

Trump also said an announcement will be made later this week about mutual tariffs for all countries taxed from the U.S., but he did not specify which countries will be targeted, or whether there will be any exemptions.

“If they sue us, we will accuse them,” Trump said.

He told reporters about his plans when he headed to the Super Bowl in New Orleans from Mar-A-Lago Resort in Florida on Sunday.

Canada and Mexico are two of the largest steel trading partners in the United States, and Canada is the largest supplier of aluminum metals in the United States.

During his first term, Trump imposed a 25% tariff on steel imports, and imports of aluminum from Canada, Mexico and the EU were 10%.

But the United States An agreement was reached in one year Despite the termination of these tariffs by Canada and Mexico, although EU import taxes continue until 2021.

Trump said on Monday that he would announce “everyone” tariffs on steel and aluminum.

“Any steel entering the U.S. will have a 25% tariff,” he said.

In response, Ontario Prime Minister Doug Ford accused Trump of “changing the goal post and continual chaos and putting our economy at risk” in an online post. Canadian steel production is concentrated in Ontario.

Trump’s comments mark another major escalation In Trump’s trade policy, a trade war with multiple countries is threatened.

Tariffs are a core part of Trump’s economic vision—he sees them as a way to develop the U.S. economy, protect work and increase tax revenues.

Earlier this month, Trump threatened to impose a 25% import tariff on Canadian and Mexican products. But it was postponed for 30 days later – Until early March – After talking to leaders of both countries.

He also imposed a 10% new U.S. tax on all Chinese goods – prompting China to retaliate against import taxes on certain U.S. goods.

Trump also said he will announce more sales rate tariffs “on Tuesday or Wednesday” and will take effect “almost immediately” after the announcement.

“Those who use the United States, we will get the countdown (tariff).” He said. “It will be great for everyone, including other countries.”

During his trip to New Orleans, Trump also signed a declaration designated “American Gulf” Day, February 9, to celebrate his plane’s body over the water, and his orders to the Gulf of Mexico.

Mexico Deemed that the United States cannot legally change the name of the Gulf Because UN rules stipulate that a country’s sovereign territory extends only to 12 nautical miles on the coastline.

Trump was also asked if he had ever spoken with Russian President Vladimir Putin and replied: “I don’t want to talk about it, if we’re talking, I don’t want to tell you too early to talk to believe we’re getting progress.”

“I think I’ll meet Putin in due time,” he said.

Trump also repeated his unlikely suggestion that the United States could take over Canada and the Gaza Strip, saying Canada would perform better as the “51st state” and that he was “committed to buying and owning Gaza.”