President Donald Trump is set to announce steep tariffs on steel and aluminum imports Thursday, people familiar with the matter said, in what would be one of his toughest actions yet to implement a hawkish trade agenda that risks antagonizing friends and foes alike.
Trump told aides he wants to announce tariffs of 25 percent on steel and 10 percent on aluminum from all countries, according to two people who asked not to be identified because the deliberations aren't public. One person said the details of the decision may still change, and it's possible some countries may be granted exemptions.
Trump has been considering a range of options to curb imports of steel and aluminum, after the Commerce Department concluded shipments of the two metals hurt U.S. national security. Leading up to the decision, the president told confidants he was leaning toward a 24 percent tariff on steel, the harshest of the alternatives given to him by Commerce.
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