U.S. President Donald Trump on Monday stated he would announce plans to impose reciprocal tariffs on different international locations over the following two days.
The Republican president spoke to reporters within the Oval Workplace as he signed two proclamations ending waivers granted by former President Joe Biden to metal and aluminum tariffs instituted throughout his first time period and elevating duties on each metals to 25%. Trump stated he was additionally taking a look at tariffs on vehicles, semiconductor chips and prescribed drugs.
Requested about the potential of different international locations retaliating in opposition to U.S. tariffs, Trump stated: “I do not thoughts.”
