Isaac Larian, CEO of MGA Entertainment, says President Donald Trump is “supreme” and while expressing concerns about tariffs on “CLAMAN countdown”.
President Donald Trump It plans to announce 25 % tariffs for all aluminum and steel imports early this week.
Trump is expected to announce new tariffs on steel and aluminum imports on Monday. Trump also plans to announce “mutual tariffs” – or tariffs on countries that impose their duties on US exports on Tuesday or Wednesday.
The latest tariffs repeat 25 % and 10 % aluminum tariffs that his first government imposed in 2018. At the time, the United States was the largest importer of steel, while China was the largest steel exporter.
Likewise, the United States is still one of the largest importers of aluminum with Germany and China.
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President Donald Trump said he will announce 25 % of all imports of aluminum and steel on Monday. (Chip somodevilla/pool/AFP through Getty Images/Getty Images)
On February 1, Trump introduced the International Emergency Economic Powers (IEPA), which Includes 25 % tariff In the case of imports from Canada and Mexico and 10 % import tariffs from China. The tariffs have received various reactions from consumers and negative refunds of foreign leaders, including Prime Minister Canadian Trudeau and Claudia Shinboum, President of Mexico.
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“We have to protect Americans, and it is my task to ensure all security,” Trump wrote in a social post on February 1. Drugs voted for our borders, and the Americans voted firmly in favor of it. “
In a White House Officials said IEPA's goal was to stop “illegal immigration and stop poisoned Fentanil and other drugs from being flowing into our country.” Last week, the CEO of the largest steel manufacturer in the United States confirmed IEPA tariffs.
In a letter obtained by Fox News Digital, President of Nucor Corp, President and CEO of Leon J. Topalian, he wrote that “he admires Trump's first actions in his first US business program.”
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The Treasury Minister Scott Bosent speaks with President Donald Trump, the center, and Howard Luttenik, the chief executive of Cantor Fitzgerald LP and the US Business Secretary, at the Oval Office. (Chris Kleponis/CNP/Bloomberg through Getty Images/Getty Images)
“We look forward to working with President Trump to enforce business laws and strengthen US production!” The statement was added.
Fox Business' Emma Colton has been involved in this report.