President Donald Trump on Monday expanded his steel and aluminum tariffs to cover all imports, effectively canceling deals with the European Union, the United Kingdom, Japan and others.
The new executive orders build off the 25 percent tariff on steel and the 10 percent tariff on aluminum Trump imposed in 2018 during his first administration by raising duties, closing loopholes and eliminating exemptions, according to a White House official.
“It’s a big deal. This is the beginning of making America rich again,” Trump said.
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Trump’s nominee to be Commerce secretary, Howard Lutnick, was at Trump’s side when the president signed the two executive orders.
