25% Steel and Aluminum Tariffs to begin on Wednesday, March 12th
One month ago, the White House announced proclamations on steel and aluminum, reinstating tariffs under the authority of Section 232 of the Trade Expansion Act of 1962. Effective on March 12, 2025, the steel and aluminum tariff rates will be 25 percent.
Steel
- A 25 percent tariff will be applied to steel and steel derivative products.
- Exemptions are no longer available for Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom.
- Any exclusions will not apply.
- Federal Register Document: https://www.federalregister.gov/documents/2025/03/05/2025-03598/implementation-of-duties-on-steel-pursuant-to-proclamation-10896-adjusting-imports-of-steel-into-the
Aluminum
- Tariff rate will increase from 10 percent to 25 percent for aluminum and aluminum derivative products.
- Tariffs on aluminum derivative products will be effective once the Commerce Department reports that adequate systems are in place to fully, efficiently, and expediently process and collect tariff revenue for covered articles.
- Granted product exclusions will remain in effect until their expiration date or until the excluded product volume is imported, whichever comes first.
- Federal Register Document: https://www.federalregister.gov/documents/2025/02/18/2025-02832/adjusting-imports-of-aluminum-into-the-united-states
