U.S. President Donald Trump said over the weekend he will formally announce 25 per cent tariffs on all steel and aluminum imports today, including for Canada and Mexico.

Existing American tariffs already restrict steel and aluminum shipments from China, which is now flooding other markets with its exports instead.

If they are charging us 130% and we’re charging them nothing, it’s not going to stay that way,” he told reporters.

President Donald Trump has said he will announce a 25% import tax on all steel and aluminium entering the US, a move that will have the biggest impact in Canada. Trump also said that there would be an announcement later in the week about reciprocal tariffs on all countries that tax imports from the US,

The president, who has threatened and delayed other tariffs, said he will announce the new measures Monday. Canada and Mexico are among the U.S.’s top steel suppliers.

Donald Trump will announce new 25% tariffs on all steel and aluminum imports into the US on February 10, a move that will impact everyone, including major trading partners like Canada and Mexico, and marks another major escalation in his trade policy overhaul.

US President Donald Trump plans to impose new 25% tariffs on steel and aluminum imports, escalating trade policy. He will announce reciprocal tariffs soon, affecting all countries. Canada, Brazil, and Mexico are major suppliers,