US EditionTrump plans to roll back some tariffs on steel and aluminium goods, FT reports
The administration aims to exempt some products and replace broad tariffs with focused national-security probes after studies show 86% of tariff costs fall on U.S. consumers, officials said.
- 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.
53 Articles
53 Articles
Bessent says any narrowing of US metals tariffs up to Trump
WASHINGTON — U.S. Treasury Secretary Scott Bessent said on Friday that any decision to narrow the scope of U.S. metals tariffs would be made by President Donald Trump, but added that there could be some modifications to the duties. Bessent, asked on CNBC about a Financial Times report that Trump is planning to roll back some of his 50 percent tariffs on steel and aluminum products, said he spoke to U.S. Trade Representative Jamieson Greer about …
Madrid. U.S. President Donald Trump would be planning to reduce some tariffs on steel and aluminium products in response to the affordability crisis caused by the rising cost of living and that has undermined his approval rate in the country before the mid-term elections to be held next November.
Donald Trump plans to lower tariffs on steel and aluminum products. The US President, whose popularity rating is declining, is trying to control cost-of-living inflation for Americans.
Trump administration finally 'admits gravity exists' with policy about-face: economic expert
Cato Institute vice president Scott Lincicome cited a Financial Times report indicating President Donald Trump's administration is finally beginning to back away from some of his disastrous economic policies. Trump is admitting defeat on his hefty metal and aluminum tariffs, according to a Bloomberg report. FT explained that the products made with metals have dramatically increased the everyday items that Americans use, and the Trump administrat…
The latest easing of interest rates comes amid persistent voter concern about the financial impacts on the U.S.
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