Former U.S. President Donald Trump has announced plans to impose 25% tariffs on steel and aluminum imports into the United States, a move he said would take effect almost immediately. Speaking to reporters on Sunday, Trump confirmed that the tariffs would apply to all steel and aluminum entering the country.

“Any steel coming to the United States is going to have them, 25 per cent tariff,” Trump told journalists traveling with him. When asked if aluminum imports would face the same rate, he replied, “25 per cent for both.”

Trump also revealed that additional reciprocal tariffs would be announced in the coming week, with a formal announcement expected on Tuesday or Wednesday. “Very simply, if they charge us, we charge them,” he stated.

The decision comes as part of Trump’s long-standing trade policy, which he championed during his successful presidential campaign in November. Throughout his political career, he has advocated for high tariffs on foreign goods as a strategy to reduce U.S. trade deficits and protect domestic industries.

This latest move follows the 10% tariffs on Chinese goods that took effect on February 4. Meanwhile, the planned 25% tariffs on Mexico and Canada have been temporarily suspended for 30 days as both nations committed to increasing border security measures.

During his first term from 2017 to 2021, Trump implemented a series of trade duties aimed at reshaping U.S. trade relations. His latest tariff measures signal a continuation of that protectionist economic stance.

Further details on the upcoming tariffs are expected to be revealed in Trump’s official announcement later this week.