Trump reiterated as he signed the proclamations that more tariffs would be coming on computer chips, autos and pharmaceutical drugs. But the president said that the import taxes would eventually enable more steel mills and aluminum plants to open in the U.S. to avoid the tariffs.

U.S. President Donald Trump on Monday said he would announce plans to impose reciprocal tariffs on other countries over the next two days. The Republican president spoke to reporters in the Oval Office as he signed two proclamations ending waivers granted by former President Joe Biden to steel and aluminum tariffs instituted during his first term and raising duties on both metals to 25%.