MGA Entertainment CEO, Isaac Larian said Donald Trump is a “big” president while expressing certain concerns about the prices on “Claman’s countdown”.
President Donald Trump plans to announce 25% of prices on all aluminum and steel imports in the United States at the start of this week.
Trump, who told journalists on Air Force One about his plans on Sunday afternoon, is expected to announce the new prices on steel and aluminum imports on Monday. Trump also plans to announce “reciprocal prices” – or prices for countries that impose tasks on US exports – Tuesday or Wednesday.
“Very simply, if they charge us, we charge them,” Trump told journalists. “If they charge us 130% and we do not charge them anything, it will not remain like this.”
“Each country will be reciprocal,” he added.
President Donald Trump said he would announce 25% prices on Monday on all imports in aluminum and steel. (SOMODEVILLA / POOL / AFP chip via getty images / getty images)
The most recent prices echo the 25% steel prices and 10% aluminum rates that its first administration imposed in 2018. At the time, the United States was the largest importer of steel, while That China was the largest steel exporter.
Likewise, the United States is still one of the largest importers of aluminum, with Germany and China.
On February 1, Trump presented the International Emergency Economic Powers (IEEPA), which understand 25% Prices On imports from Canada and Mexico and a 10% rate on imports from China. The prices have received mixed reactions from consumers and a negative decline on the part of foreign leaders, including Canadian Prime Minister Justin Trudeau and Mexican President Claudia Sheinbaum.
Mexico agrees to deploy 10,000 soldiers on the American border in exchange for a price break
“We have to protect the Americans, and it is my duty as president to ensure everyone’s safety,” Trump wrote in a social article of truth on February 1. “I made a promise on my campaign to stop the flood of illegal and drugs to pay our borders and the Americans voted massively in favor.”
In a White House Information sheet, the officials said that the objective of the IEPA was to help stop “illegal immigration and stop toxic fentany and other drugs to flow into our country”. Last week, the CEO of the largest steel producer in the United States approved the IEEPA prices.
In a letter obtained by Fox News Digital, the president, president and chief executive officer of Nucor Corp, Leon J. Topalian, wrote that he “applauds the first stages taken by President Trump in his sales program in America”.
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Scott Bessent, secretary of the Treasury, on the left, is expressed during a signing ceremony of the executive order with President Donald Trump, Center, and Howard Lunick, Managing Director of Cantor Fitzgerald LP and nominated for the US Secretary , at the oval office (Chris Kleponis / CNP / Bloomberg via Getty Images / Getty Images)
“We look forward to working with President Trump to enforce our commercial laws and strengthen American manufacturing!” the instruction added.
Emma Colton of Fox Business contributed to this report.