US President Donald Trump announced new tariffs on imports of foreign steel and aluminum. There will be tariff exemptions for individual countries, with military relationships taken into consideration, he also indicated.
Trump made the announcement before signing the aluminum and steel proclamation, raising import tariffs to 10 and 25 percent respectively. He also said that the US is open to modifying tariffs on individual countries, depending on how they treat the US. Previously, Trump had promised tariffs on all countries.
"America will remain open to modifying or removing the tariffs for individual nations, as long as we can agree on a way to ensure that their products no longer threaten our security," he stated.