Donald Trump says he will impose 25% tariffs on all steel and aluminium imports into the US, including from Canada and Mexico.
The president said he would make the announcement on Monday, signalling yet another major escalation in his trade policy overhaul.
Speaking on Air Force One as he flew from Florida to New Orleans for the Super Bowl, he said the new levies would be on top of existing metals duties.
“Any steel coming into the United States is going to have a 25% tariff,” Mr Trump told reporters on Sunday.
When asked about aluminium, he responded, “aluminium, too” will be subject to the trade penalties.
Share prices in steelmakers in Asia were mostly down on Monday, apart from those with operations in the US.
What does Trump’s steel tariff mean for the UK?
At the moment UK exporters of steel and aluminium, are able to export tariff-free to the US up to specified volumes.
For steel, up to 500,000 metric tonnes can be exported to the US per year duty-free.
For aluminium, up to 21,600 metric tonnes can be exported to the US per year duty-free.
In 2023, the UK exported 160,000 metric tonnes of steel to the US, according to UK Steel.
Trump has imposed steel tariffs before. In 2018, during his first term, he introduced tariffs of 25% and 10% respectively on certain imports of steel and aluminium to the US.
However, these were replaced with a tariff rate quota (TRQ) for the UK in 2022, allowing for duty free export.
It’s not clear yet if President Trump will allow for any exemptions but his language on Air Force One last night suggested not.
Mr Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately, applying them to all countries and matching the tariff rates levied by each nation.
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“And very simply, it’s, if they charge us, we charge them,” Mr Trump said of the reciprocal tariff plan.
Australia seeks tariff exemption
Meanwhile, Canberra is pressing Washington for an exemption to the planned tariffs, with Australia’s trade minister Don Farrell saying its steel and aluminium to the US create “thousands of good-paying American jobs” and are key to shared defence interests.
Mr Farrell said his country was making the case for “free and fair trade, including access into the US market for Australian steel and aluminium” during meetings with the Trump administration.
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Mr Trump previously threatened 25% import taxes on all goods from Canada and Mexico, though he paused them for 30 days last week. At the same time, he proceeded to add 10% duties on imports from China.
Also last week, Mr Trump said tariffs on the European Union would be implemented “pretty soon”. When questioned about the UK, the president said Britain was “out of line” when it came to trade but he thought the situation could be “worked out” without the use of tariffs.
His latest comments on the presidential plane came just after German Chancellor Olaf Scholz said the EU was ready to respond “within an hour” if the US levied tariffs on European goods, highlighting the risks of an escalating trade war.
China’s retaliatory tariffs on some US exports are due to take effect on Monday, with no sign yet of progress between Beijing and Washington.
Image: Mr Trump signed a proclamation declaring 9 February 2025 as the ‘Gulf of America Day’. Pic: Reuters
‘Gulf of America Day’
Also on board Air Force One, Mr Trump signed a proclamation declaring 9 February 2025 as the first-ever “Gulf of America Day”.
One of the first executive orders the president signed was renaming the Gulf of Mexico.
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While signing the latest proclamation, he posed in front of a map with the newly changed name.
Trump reiterates desire to make Canada 51st state
In a separate interview earlier on Fox News, Mr Trump repeated calls to make Canada “the 51st state” as he reiterated his support for tech billionaire Elon Musk.
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Trump reiterates call for Canada to be the 51st state
When asked if he was serious about Canada being a 51st state, Mr Trump said: “I think Canada would be much better off.
“We lose $200bn a year with Canada. And I’m not going to let that happen. It’s too much.
“Why are we paying $200bn a year essentially in subsidy to Canada? Now, if they are a 51st state, I don’t mind doing it.”
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Image: Mr Trump has said he trusts the work Elon Musk is doing in improving government efficiency
He also continued to voice support for Mr Musk. The X owner is spearheading the US president’s efforts to cut costs and bureaucracy in government, which has already seen the US Aid Agency for International Development targeted.
Donald Trump has revealed that media mogul Rupert Murdoch and his son Lachlan could be part of a deal in which TikTok in the United States will come under American control.
The US president also namedropped Michael Dell, the founder and CEO of Dell Technologies, as a possible participant in the deal during an interview with Fox News, which is owned by the Murdochs.
“I think they’re going to be in the group. A couple of others. Really great people, very prominent people,” Mr Trump said. “And they’re also American patriots, you know, they love this country. I think they’re going to do a really good job.”
Mr Trump said that Larry Ellison, founder and CEO of software firm Oracle, was part of the same group. His involvement in the potential TikTok deal had previously been revealed.
Image: President Donald Trump speaking to reporters outside the White House. Pic: AP/Mark Schiefelbein
White House press secretary Karoline Leavitt said on Saturday that Oracle would be responsible for the app’s data and security, with Americans set to control six of the seven seats for a planned TikTok board.
This comes after Mr Trump said he and China’s Xi Jinping held a “very productive call” on Friday, discussing the final approval for the TikTok deal, much of which is still unknown.
Once confirmed, the deal should stop TikTok from being banned in the US after lawmakers decided it posed a security risk to citizens’ data.
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Officials warned that the algorithm TikTok uses is vulnerable to manipulation by Chinese authorities, who can use it to push specific content on the social media platform in a way that is difficult to detect.
Congress had ordered the app shut down for American users by January 2025 if its Chinese owner ByteDance didn’t sell its assets in the country – but the ban has been delayed four times by President Trump.
Mr Trump said on Sunday that he might be “a little prejudiced” about TikTok, after telling reporters on Friday: “I wasn’t a fan of TikTok and then I got to use it and then I became a fan and it helped me win an election in a landslide.”
After the call with Mr Xi, Mr Trump said in a Truth Social post: “We made progress on many very important issues, including Trade, Fentanyl, the need to bring the War between Russia and Ukraine to an end, and the approval of the TikTok Deal.”
Mr Trump later told reporters at the White House that Xi had approved the deal, but said it still needed to be signed.
Representatives for the Murdochs, Mr Dell and Mr Ellison have not yet commented on a potential TikTok deal.
Gatwick’s second runway has been given the go-ahead by the government.
The northern runway already exists parallel to Gatwick‘s main one, but cannot be used at the same time, as it is too close.
It is currently limited to being a taxiway and is only used for take-offs and landings if the main one has to shut.
The £2.2bn expansion project will see it move 12 metres north so both can operate simultaneously, facilitating 100,000 extra flights a year, 14,000 jobs, and £1bn a year for the economy.
It would also mean the airport could process 75 million passengers a year by the late 2030s.
Gatwick is already the second busiest airport in the UK, and the busiest single runway airport in Europe.
No public money is being used for the expansion plan, which airport bosses say could see the new runway operational by 2029.
The expansion was initially rejected by the Planning Inspectorate over concerns about its provisions for noise prevention and public transport connections.
Campaigners also argued the additional air traffic will be catastrophic for the environment and the local community.
A revised plan was published by the planning authority earlier this year, which it said could be approved by the government if all conditions were met.
The government says it is now satisfied this is the case, with additions made including Gatwick being able to set its own target for passengers who travel to the airport by public transport – instead of a statutory one.
Nearby residents affected by noise will also be able to charge the airport for the cost of triple-glazed windows.
And people who live directly under the flight path who choose to sell their homes could have their stamp duty and estate agent fees paid for up to 1% of the purchase price.
CAGNE, an aviation and environmental group in Sussex, Surrey, and Kent, says it still has concerns about noise, housing provision, and wastewaster treatment.
The group says it will lodge a judicial review, which will be funded by local residents and environmental organisations.
‘Disaster for the climate crisis’
Green Party leader Zack Polanski criticised the second runway decision, posting on X: “Aviation expansion is a disaster for the climate crisis.
“Anyone who’s been paying any attention to this shambles of a Labour Govenrment (sic) knows they don’t care about people in poverty, don’t care about nature nor for the planet. Just big business & their own interests.”
Friends of the Earth claimed the economic case for the airport expansion has been “massively overstated”.
Head of campaigns Rosie Downes warned: “If we’re to meet our legally-binding climate targets, today’s decision also makes it much harder for the government to approve expansion at Heathrow.”
Shadow transport secretary Richard Holden welcomed the decision but said it “should have been made months ago”, claiming Labour have “dithered and delayed at every turn”.
“Now that Gatwick’s second runway has been approved, it’s crucial Labour ensures this infrastructure helps drive the economic growth our country needs,” he said.
A government source told Sky News the second runway is a “no-brainer for growth”.
“The transport secretary has cleared Gatwick expansion for take-off,” they said. “It is possible that planes could be taking off from a new full runway at Gatwick before the next general election.
“Any airport expansion must be delivered in line with our legally binding climate change commitments and meet strict environmental requirements.”
TalkTalk Group has picked advisers to spearhead a break-up that will lead to the sale of one of Britain’s biggest broadband providers.
Sky News has learnt that PJT Partners, the investment bank, is being lined up to handle a strategic review aimed at assessing the optimal timing for a disposal of TalkTalk’s remaining businesses.
PJT’s appointment is expected to be finalised shortly, City sources said this weekend.
Founded by Sir Charles Dunstone, the entrepreneur who also helped establish The Carphone Warehouse, TalkTalk has 3.2 million residential broadband customers across the UK.
That scale makes it one of the largest broadband suppliers in the country, and means that Ofcom, the telecoms industry regulator, will maintain a close eye on the company’s plans.
The break-up is expected to take some time to complete, and will involve the separate sales of TalkTalk’s consumer operations, and PlatformX, its wholesale and network division.
Within the latter unit, TalkTalk’s ethernet subsidiary could also be sold on a standalone basis, according to insiders.
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TalkTalk, which has been grappling with a heavily indebted balance sheet for some time, secured a significant boost during the summer when it agreed a £120m capital injection.
The bulk of those funds came from Ares Management, an existing lender to and shareholder in the company.
That new funding followed a £1.2bn refinancing completed late last year, but which failed to prevent bondholders pushing for further moves to strengthen its balance sheet.
Over the last year, TalkTalk has slashed hundreds of jobs in an attempt to exert a tighter grip on costs.
It also raised £50m from two disposals in March and June, comprising the sale of non-core customers to Utility Warehouse.
In addition, there was also an in-principle agreement to defer cash interest payments and to capitalise those worth approximately £60m.
The company’s business arm is separately owned by TalkTalk’s shareholders, following a deal struck in 2023.
TalkTalk was taken private from the London Stock Exchange in a £1.1bn deal led by sister companies Toscafund and Penta Capital.
Sir Charles, the group’s executive chairman, is also a shareholder.
The company is now run by chief executive James Smith.
The identity of suitors for TalkTalk’s remaining operations was unclear this weekend, although a number of other telecoms companies are expected to look at the consumer business.
Britain’s altnet sector, which comprises dozens of broadband infrastructure groups, has been struggling financially because of soaring costs and low customer take-up.
On Saturday, a TalkTalk spokesman declined to comment.