Trump Signs Order Upping Steel, Aluminum Tariffs to 25%; No Exemptions or Exclusions
President Trump signed an executive order Feb. 10 that will hike tariffs on imported aluminum to 25%, ends quota arrangements with the EU, South Korea and Brazil in steel and aluminum, and curtails both product exclusions and the exemptions for Canada and Mexico.
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The action will expand past the products covered by existing Section 232 tariffs to some downstream products.
Reporters at the White House who participated in a background briefing said fabricated structural steel and pre-stressed concrete strand are among the products that will be newly covered.
A White House official told International Trade Today that the tariffs will take effect March 4 for goods shipped before the announcement. Current general approved exclusions will be terminated, and the product exclusion process will end, the official said on background.
The text of the proclamation was not published by press time.