President Donald Trump said Monday he plans to impose sweeping tariffs on steel, aluminum and copper imported to the U.S. as well as goods such as computer chips, semiconductors and pharmaceuticals in a push to increase U.S. production of the products, APA reports citing USA Today.
Trump announced the moves during remarks at a congressional Republican treat at the Trump National Doral hotel and golf club in Miami.
“It’s time for the United States to return to the system that made us richer and more powerful than ever before,” Trump said, comparing his approach to stiff tariffs pushed more than a century ago by former President William McKinley in the last 1890s.
