President Trump said Thursday that he will impose steep tariffs on steel and aluminum imports from around the world next week, defying GOP lawmakers who have pushed back against the move.
Trump said he will announce tariffs of 25 percent on imported steel and 10 percent on aluminum from all countries that send their metals to the United States, a decision sure to lead to retaliation by trade partners.
"We'll be signing it next week. And you'll have protection for a long time in a while,” Trump said, casting the effort as a way to protect U.S. producers during a meeting with 15 steel and aluminum industry executives.
“You'll have to regrow your industries, that's all I'm asking."
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