The U.S. Increase Tariffs On Steel And Aluminum

President Donald Trump signed an executive order imposing a 25% tariff on all steel and aluminum imports. These tariffs not only potentially violate U.S. trade agreements but also pose a risk to the stability of trade in North America. Get all the details here.

Which are the goods involved?

To begin with, it is important to note that this tariff increase is global in nature. The Trump administration decided to impose tariffs on all countries, with no exceptions. Unlike the tariffs President Trump imposed in his first administration, the new tariff increase is set to impact primary steel products (such as slab and plate) and basic aluminum, as well as finished steel industry products (such as sheet and pipe) and aluminum extrusions. According to the executive order, if steel is melted & poured in the U.S., then these tariffs will not apply to the finished steel products.