9 Jun 2025
⚒️Tariff Increases on Steel and Aluminum
[No title available]
Summary
This regulation modifies United States import tariffs on aluminum and steel, increasing rates to 50% to address national security concerns. The proclamation reflects ongoing trade policies aimed at protecting domestic industries and is expected to impact import pricing and compliance requirements for businesses engaged in these sectors.
Agencies
- Executive Office of the President
Business Impact
$$$ - High
The proclamation increases tariffs on steel and aluminum imports to 50%, significantly impacting businesses reliant on these materials. Companies importing affected products will face higher costs, affecting pricing strategies and supply chain operations. Compliance with new tariff regulations is crucial to avoid penalties.