Trump Administration Issues Section 232 Tariffs On Steel And Aluminum: U.S. Considerations

Highlights

• President Donald Trump announced sweeping global 25 percent tariffs on steel and aluminum, effective March 12, 2025.
• Under the announcement, previously negotiated country-specific exemptions and quota arrangements are revoked, and the announcement does not allow product exclusions at this time.
• The announcement creates the beginning of a pathway to allow U.S. companies and industry groups to request the inclusion of additional derivative products under these tariffs. To qualify, petitioners must demonstrate that rising imports of these products pose a threat to U.S. national security.

Through a presidential proclamation, the Trump Administration on Feb. 10, 2025, announced the reinstatement of a 25 percent tariff on all steel imports and an increase in aluminum tariffs from 10 percent to 25 percent. The tariffs apply to goods entered into the U.S. for consumption or withdrawn from a warehouse for consumption on or after March 12, 2025.