Here’s Where Prices Could Rise Under Steel, Aluminum Tariffs
The White House is set to implement a 25% tariff on steel and aluminum imports, which could impact prices on a host of consumer products.
New steel and aluminum tariff rates take effect March 12, executive orders show
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.
New 25% tariffs on steel and aluminum to start March 12 as Trump reworks the US trade landscape
Donald Trump's rapid reorientation of the US trade landscape continued apace on Monday as he signed an executive order to impose 25% duties on steel and aluminum regardless of the source country. The tariffs are set to kick in on March 12.
What Trump’s Steel and Aluminum Tariffs Are and How They Would Work
Steel and aluminum are heavily used in the automotive and construction industry, but are also used to manufacture goods and appliances. The decision mirrors the actions Trump levied during his first Administration, when he enacted a 25% tariff on steel and 10% tariff on aluminum, though some countries, including South Korea were exempt.
Trump signs off on new steel and aluminum tariffs
President Trump on Monday signed proclamations to bolster tariffs on all steel and aluminum imports into the United States and crack down on attempts by China and Russia to evade penalties. Trump
Trump imposes 25% tariffs on steel and aluminum
President Donald Trump on Monday imposed a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.
Trump to announce 25% steel and aluminum tariffs in latest trade escalation
Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, to take effect almost immediately.
Trump Will Impose Tariffs on Steel and Aluminum on Monday
The president said he planned sweeping tariffs on all steel and aluminum imports on Monday and would take other action to even out tariff rates with the rest of the world later this week.
Trump's tariffs on steel and aluminum could raise these prices
In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.
Trump’s tariffs on steel, aluminum echo familiar playbook: A timeline
Donald Trump used tariffs as part of his hardball approach to free trade negotiations with Canada and Mexico in 2018, and is being even more aggressive ahead of talks next year.
Countries react to US President Trump's 25% tariff on steel imports
President Donald Trump displays a signed proclamation regarding steel imports as he speaks in the Oval Office at the White House.
JD Supra23h
New 25% Tariffs on Steel and Aluminum Take Effect March 12: What You Need to Know
Aluminum and aluminum derivatives will also now face a 25% tariff, up from 10%. These new across-the-board duties will apply to all countries starting March 12, 2025. The proclamation also ...
Is It Made of Metal? It Could Get More Expensive Under Trump’s Latest Tariffs.
Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and ...