US EditionTrump cuts US duty rates on steel, aluminum and copper derivative products
The revised rules shift duties to full import values and exempt products with 15% or less metal content, officials said.
- On Thursday, President Donald Trump adjusted national security tariffs on steel, aluminum, and copper imports to simplify compliance and cut duty rates on derivative products.
- The administration's move addresses an overly complicated tariff regime under Section 232 of the Trade Act, which previously caused difficulties for importers calculating metal content values.
- Commodity metals now face a 50% tariff, derivative articles incur a 25% rate, and metal-intensive industrial equipment will pay 15% through 2027, while items with 15% or less metal content are exempt.
- Administration officials indicated the changes should have no material economic difference overall, though applying the 50% duty to full sales value may increase tariff revenue for the United States.
- These adjustments support ongoing industrial growth, with over 4 million tons of new crude steelmaking capacity expected as companies like Nucor and Ivanhoe Electric expand facilities in Arkansas and Oklahoma.
29 Articles
29 Articles
Trump Cuts US Duty Rates on Steel, Aluminum, and Copper Derivative Products
President Donald Trump adjusted his national security tariffs on steel, aluminum and copper imports on Thursday to cut duty rates on derivative products made with the metals, simplify compliance and avoid under-reporting of import values. In a proclamation signed by Trump, the United States will maintain a 50% import tariff on steel, aluminum and copper commodity imports under Section 232 of the Trade Act of 1974, but apply the rate to the price…
The US government has announced that it will reduce tariffs on steel and aluminium products. The rate of duty will be reduced to 15 to 25 percent. On raw steel and aluminium imports, on the other hand, a duty of 50 percent will continue to apply. According to insiders, this will simplify a "overcomplicated" system. US President Donald Trump had doubled tariffs to 50 percent last year and extended them to thousands of follow-up products. However,…
Trump adjusts tariffs on steel, aluminum and copper
President Trump revamped his tariffs on steel, copper and aluminum in an executive order Thursday to ensure that they align with the “full value” of the imported metals. The value is based on the amount the U.S. pays for the import, not how much it cost to produce in its country of origin. A senior…
Trump Revamps Tariffs on Steel, Aluminum, and Copper
WASHINGTON—President Donald Trump signed an executive order on April 2 to simplify calculations for steel, aluminum, and copper tariffs and to mitigate efforts to avoid import taxes. The new order defines how the value of metals is assessed, imposing 50 percent levies on the U.S. price of goods sold for raw materials and 25 percent on products containing at least 15 percent of affected metals. Stricter guidelines were needed because some wholesa…
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