President Donald Trump on Monday imposed a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.

President Donald Trump signed executive orders Monday imposing 25% tariffs on steel and aluminum imports, which could potentially affect a slew of trading partners. The tariffs will go into effect on March 12 and apply to the roughly 25 million tons of steel that the US imports each year.

President Trump announced 25% tariffs on steel and aluminum imports to protect American industries and gain foreign leverage, despite warnings of increased consumer costs.

President Donald Trump is planning to impose 25% tariffs on imported automobiles as well as tariffs at a similar level on pharmaceutical imports and semiconductors.

What do Federal Reserve leaders think about President Trump’s tariffs and how they will affect inflation? And how will they react if he imposes stiff sanctions on other countries?

President Trump said Tuesday that he could impose hefty tariffs on automobile imports, but said he would have more to say in early April. "I probably will tell you that on April 2, but it'll be in the neighborhood of 25%,

A week after that, Trump signed an executive order imposing 25% tariffs on all steel and aluminium imports. These tariffs are set to take effect on March 12, a few days after the broad tariffs against Canada and Mexico supposedly come to pass.