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The Latest: Trump says 25% steel and aluminum tariffs are coming Monday

President Donald Trump said he’ll announce Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

Meanwhile, Trump said he’s serious about wanting Canada to become the 51st state in an interview that aired Sunday during the Super Bowl preshow. “Yeah it is,” Trump told Fox News Channel’s Bret Baier when asked whether his talk of annexing Canada is “a real thing” — as Canadian Prime Minister Justin Trudeau recently warned.

Here’s the latest:

Trump says he’s directed the Treasury Department to stop minting new pennies

He cited the rising cost of producing the one-cent coin.

“For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!” Trump wrote in a post Sunday night on his Truth Social site. “I have instructed my Secretary of the US Treasury to stop producing new pennies.”

The move by Trump is the latest in what’s been a rapid-fire effort by his new administration to enact sweeping change through executive order and proclamation on issues ranging from immigration, to gender and diversity, to the name of the Gulf of Mexico.

Trump had not discussed his desire to eliminate the penny during his campaign. But Elon Musk’s so-called Department of Government Efficiency raised the prospect in a post on X last month highlighting the penny’s cost.

▶ Read more about President Trump and pennies

Trump says he will announce 25% steel and aluminum tariffs Monday

President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week.

“Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

Trump also reaffirmed that he would announce “reciprocal tariffs” — “probably Tuesday or Wednesday” — meaning that the U.S. would impose import duties on products in cases where another country has levied duties on U.S. goods.

▶ Read more about Trump’s comments on steel tariffs

The Associated Press