US EditionTrump plans to roll back some tariffs on steel and aluminium goods, FT reports
The administration will exempt some products and focus on targeted national security probes after studies showed nearly 90% of tariff costs have been paid by U.S. consumers and businesses.
- Reports on Friday said the administration plans to scale back some steel and aluminum tariffs by exempting certain items and shifting to targeted national-security probes.
- Last year, the U.S. Commerce Department's moves created enforcement difficulties by raising tariffs on more than 400 products and derivative goods, impacting major trading partners including Canada, the EU, Mexico, and South Korea.
- Aluminum futures reacted after the reports as prices fell in London, while the U.S. Trade Representative's Office and U.S. Commerce Department review affected products and the White House told companies adjustments are in the works but timing is unclear.
- Analyses show Americans have borne most costs, with 94% pass-through in first eight months of 2025 and nearly 90% paid by U.S. businesses and consumers; ending derivative tariffs would aid the US-EU trade accord negotiated last year.
- Heightened scrutiny in U.S. Congress and reports show the tariff regime highest since before World War II faces an imminent Supreme Court ruling challenging U.S. President Donald Trump's authority.
26 Articles
26 Articles
Trump administration to make U-turn on steel, aluminium tariffs, claims report — Here's what could change
Last year, US President Donald Trump had abruptly hit steel and aluminium imports as he raised the tariffs on them to as high as 50%, which has resulted in a rise in price of domestic machines made with those metals including washing machines and microwave ovens.
It was planned to free some articles from customs duties again and not to add any other products to the list.
New Strait Times
Trump plans to roll back some tariffs on steel and aluminium goods
WASHINGTON: US President Donald Trump plans to scale back some tariffs on steel and aluminum goods, the Financial Times reported on Friday, citing people familiar with the matter.
Due to the high tariffs, consumer prices in the US have recently increased. According to a report, U.S. President Trump could influence steel and aluminium and lower tariffs.
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