US imposes 25% tariffs on steel, aluminum, and copper derivatives, White House says

The U.S.

Newsquawk StaffPublished On the live feed at 6 more headlines followed before this page went public
Newsquawk headlinesUTC

US FX WRAP: Dollar strengthens as Trump stands firm on war with Iran

US imposes 100% tariff on patented drug imports unless co. signs drug pricing deal or agrees to make product in the US, according to White House fact sheet

US imposes 25% tariffs on steel, aluminum, and copper derivatives, White House says

Microsoft (MSFT) hit "audacious" copilot goals after Wall Street input

TREASURY WRAP: T-NOTE FUTURES (M6) SETTLE 1 TICK HIGHER AT 111-00+

Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.

Free. No signup, no card.
  • Trump adjusted his National Security tariffs on steel, aluminium, and copper imports on Thursday to cut duty rates on derivative products made with the metals, simplify compliance and avoid under-reporting of import values.
  • In a proclamation signed by Trump, the U.S. will maintain a 50% import tariff on Steel, aluminium, and copper commodity imports under Section 232 of the Trade Act of 1974, but apply the rate to the prices paid by US customers, a Senior Trump administration official said.
  • It was not immediately clear how the sales price -- and resulting tariff -- would be determined.
  • US official says metals duty adjustments should not have a material economic impact but will simply be a tariff regime.
  • US to eliminate steel, aluminium, and copper tariffs on derivative products if the metal content is below 15% by weight.
  • US to reduce tariffs on other steel, aluminium, and copper derivative products to 25% applied to the full value of the product.
  • To maintain 50% duty on steel, aluminium, and copper commodity imports, but apply that rate to the full value paid by US customers, not claimed import values.
  • Adjustments to steel, aluminium, and copper tariffs are to simplify compliance on derivative products and will avoid artificially-reduced import values.
Context

has adjusted tariffs on steel, aluminum, and copper imports while keeping the high rates on primary metals intact, aiming for better compliance on derivatives. This change indicates a focus on simplifying trade processes rather than a direct economic impact, though it could signal shifts in the supply chain dynamics for affected sectors. Overall, the adjustments may affect pricing and competitiveness in the domestic market, particularly for derivative products.

Related headlines

The whole workspace, free to try.

Try it free