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US President Donald Trump has announced adjustments to tariffs on imported steel, aluminum, and copper, aiming to lower duties on derivative products, streamline compliance, and prevent undervaluation of imports.
According to a White House briefing, the new proclamation maintains a 50% import duty on steel, aluminum, and copper under Section 232 of the Trade Expansion Act of 1974, which will continue to apply to the prices paid by American buyers.
The administration also clarified that certain industrial and electrical grid equipment, which relies heavily on these metals, will see their tariffs cut from 50% to 15% through 2027, supporting faster industrial growth. Additionally, derivative products containing less than 15% metal by weight will no longer be subject to the previous 50% tariff, easing costs for manufacturers and importers.
Officials highlighted that these measures are designed to balance national security concerns with economic efficiency, ensuring that the US industry benefits from more predictable trade policies while maintaining strong protections on key raw materials.
