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ARTICLE · 14 MAY 2025

Tariff Update: UK, Canada, And Mexico, Oh My!

Kelley Drye & Warren LLP
Kelley Drye & Warren LLP
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Kelley Drye & Warren LLP

Kelley Drye & Warren LLP

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We provide two tariff program updates, of relevance to the steel and aluminum Section 232 tariff programs and the IEEPA tariff programs specific to Canada and Mexico.

GlobalInternational Law
Brooke Ringel
Brooke Ringel
John M. Foote
John M. Foote
Gwendolyn Ellis-Joyce
Gwendolyn Ellis-Joyce

We provide two tariff program updates, of relevance to the steel and aluminum Section 232 tariff programs and the IEEPA tariff programs specific to Canada and Mexico.

First, today, the United States and the United Kingdom announced a bilateral trade deal. It is being described as something less than comprehensive, but is clearly intended to address tariff and non-tariff issues involving major sectors of importance to both countries, including agriculture, automotive, pharmaceutical, and steel and aluminum. With respect to the Section 232 steel tariff program in particular, UK steel will be exempted from the 25% Section 232 tariff in favor of an "alternative arrangement" to be negotiated. The White House has specifically referenced the creation of a "new trading union for steel and aluminum." While the United States is currently the UK's second most important steel export market (after the EU), the United States is making this concession in recognition for "the

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