Divya Delhi: President Trump indicated  That  the US will impose a 25% tax on all steel and aluminum imports and other import duties. The modifications will be expected starting last week, and Canada and Mexico are added.“Any steel coming into the United States is going to be charged with a 25% tariff,” Trump told reporters onboard Air Force One on the route from Florida to New Orleans for the Super Bowl. Trump claimed "Aluminum too" will be on the list of "reciprocal tariffs."Trump remarked, “If they charge us 130% and we charge them nothing, it won't last.”Donald Trump uses tariffs to negotiate and fund the deficit. After Trump announced reciprocal tariffs, world markets reacted unfavorably last week, with stock prices dipping.The AP said that many Americans thought tariffs would cause inflation, affecting consumer morale. Trump said he had previously deferred a 25% duty on all imports from Canada and Mexico, but he didn't elaborate on steel and aluminum penalties or reciprocal tariffs.