“I’ll… be placing tariffs on steel, aluminum and copper and things that we need for our military things. We have to bring production back to our country,” Trump said in a speech before House Republicans on Monday.

Trump said he has not settled on a figure for tariffs on steel and other metals. “It'll be enough to protect our country,” he told reporters on Air Force One.

Trump also said his plans to pursue a baseline universal tariff for all imports will be moving forward. The Financial Times reported that while treasure secretary Scott Bessant suggested a 2.5% universal tariff, it could eventually reach the 20% tariffs Trump pledged while campaigning.

The president is reportedly seeking a universal tariff rate significantly higher than 2.5%.

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