17 hours ago · In March 2018, President Trump invoked authority under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. § 1862) to impose 25% tariffs on steel imports and 10% tariffs on aluminum.

16 hours ago · The new 25% tariff rates on steel and aluminum imports into the United States are due to take effect on March 12, according to the executive orders signed by President Donald Trump on Monday.

1 day ago · Trump Tariffs Live Updates: US imposes 25% tariffs on steel and aluminum 'without exceptions or exemptions' By Kylie Maclellan, Christina Anagnostopoulos, Farouq Suleiman, ...

1 day ago · WASHINGTON (AP) — President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. “Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New ...

20 hours ago · In 2023, the U.S. International Trade Commission found that those tariffs increased steel and aluminum prices on average by 2.4 percent and 1.6 percent. Perhaps accordingly, the stocks of U.S ...

1 day ago · Steel imports fell by 10.2 million tons, or 27%, between 2017, the year before the tariffs, and 2019, according to analysis of government data provided by the American Iron and Steel Institute, an ...

2 days ago · President Trump on Sunday said that he would impose a 25 percent tariff on all foreign steel and aluminum imports into the United States as of Monday and would soon announce reciprocal tariffs on ...

May 23, 2024 · Explore the latest details and analysis of Section 232 tariffs on steel and aluminum and its impact on the U.S. economy. The Section 232 tariffs on imports of steel and aluminum raised the cost of production for manufacturers, reducing employment in those industries, raising prices for consumers, and hurting exports.

On March 8, 2018, President Trump exercised his authority under Section 232 of the Trade Expansion Act of 1962 to impose a 25 percent tariff on steel imports, with exemptions for Canada and Mexico, to protect our national security. The President’s Section 232 decision is the result of an investigation led by the U.S. Department of Commerce (DOC).

From January to June 2021, hot-rolled band steel in the United States sold at an average of $1,460 per metric ton, over 60% higher than the global price and more than double China’s (Figure 2).