US EditionTrump plans to roll back some tariffs on steel and aluminium goods, FT reports
The administration plans to exempt some products and halt tariff expansions after finding 94% of costs passed to U.S. consumers, aiming to ease the impact ahead of midterms.
- 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.
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77 Articles
Spanish Steel Waits for Trump’s Verdict to Retrace the Collapse of Exports to the Us · Global Voices
The US President, Donald Trump, is studying to reduce some tariffs on products manufactured from steel and aluminium. The fees on these goods, which were around 50% in August, are impacting the citizens’ pocket and have contributed to further sinking their approval rate. As revealed by the Financial Times on Friday, the US government has decided to put letters on the matter with a possible reduction in commercial rates. The Spanish steel sector,…
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.
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