Trump says he will announce reciprocal tariffs over next two days


FILE PHOTO: U.S. President Donald Trump speaks at the White House in Washington, U.S., February 5, 2025. REUTERS/Kent Nishimura/File Photo/File Photo

WASHINGTON: U.S. President Donald Trump on Monday said he would announce plans to impose reciprocal tariffs on other countries over the next two days, doubling down on comments he made on Sunday.

The Republican president spoke to reporters in the Oval Office as he signed two proclamations ending all exclusions on steel and aluminium tariffs first imposed during his first term and raising duties on both metals to 25%. Trump said he was also looking at tariffs on cars, semiconductor chips and pharmaceuticals.

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