08:01 PM EST, 02/09/2025 (MT Newswires) -- U.S. President Donald Trump said on Sunday that he will announce on Monday new 25% tariffs on all steel and aluminum imports into the U.S., which would come on top of existing metals duties in another major escalation of his trade policy overhaul, Reuters reported.

Trump, speaking to reporters on Air Force One, on his way to the NFL Super Bowl in New Orleans, also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately. He said the U.S. would match tariff rates levied by other countries and that this would apply to all countries.

"And very simply, it's, if they charge us, we charge them," Trump said of the reciprocal tariff plan.

Trump during his first term imposed tariffs of 25% on steel and 10% on aluminum, but later granted several trading partners duty-free quotas, including Canada, Mexico and Brazil.

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