The President of the United States of America, Donald Trump, had issued a proclamation in February imposing 25% tariffs on all steel and aluminum imports into the United States.
The new tariffs took effect on March 12, 2025.
This is a reinstatement of duties imposed in 2018 by the Trump Administration. Progressively, through negotiations and tariff retaliations, Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom had received certain exemptions.
The new Proclamation nullifies the exemptions and applies tariffs on imports from every country. In 2018 the duty on steel was sets at 25% and will remain the same this time. The tariff on aluminum and derivatives had been set at 10% in 2018 but will now be raised to 25%.
Links:
– U.S. Customs Updated Guidance: Import Duties on Imports of Aluminum and Aluminum Derivative Products
– U.S. Customs Updated GuidancE: Import Duties on Imports of Steel and Steel Derivative Products
