US Edition
Trump plans to roll back some tariffs on steel and aluminium goods, FT reports
The administration plans to exempt some products and halt tariff expansions after finding 94% of costs passed to U.S. consumers, aiming to ease the impact ahead of midterms.
- Reports on Friday said the administration plans to scale back some steel and aluminum tariffs by exempting certain items and shifting to targeted national-security probes.
- Last year, the U.S. Commerce Department's moves created enforcement difficulties by raising tariffs on more than 400 products and derivative goods, impacting major trading partners including Canada, the EU, Mexico, and South Korea.
- Aluminum futures reacted after the reports as prices fell in London, while the U.S. Trade Representative's Office and U.S. Commerce Department review affected products and the White House told companies adjustments are in the works but timing is unclear.
- Analyses show Americans have borne most costs, with 94% pass-through in first eight months of 2025 and nearly 90% paid by U.S. businesses and consumers; ending derivative tariffs would aid the US-EU trade accord negotiated last year.
- Heightened scrutiny in U.S. Congress and reports show the tariff regime highest since before World War II faces an imminent Supreme Court ruling challenging U.S. President Donald Trump's authority.
82 Articles
82 Articles
President Donald Trump plans to reduce some tariffs on steel and aluminium products, according to the Financial Times, based on sources close to the issue, although no amounts, dates or details of the reduction of taxes were revealed. Trump last year imposed tariffs of up to 50 percent on imports of steel and aluminum and has repeatedly used the levies as a bargaining tool with various trading partners. Senior officials from the U.S. Department …
According to the "Ft" the repercussions of the protectionist policy of the White House have not all had positive consequences on the domestic economy. We go towards more limited measures on individual categories of goods. Donald Trump makes a step back. He had accustomed the world to an aggressive policy on duties but now, according to the latest indiscretions, he would be willing to soften the hard line adopted last year.
Spanish Steel Waits for Trump’s Verdict to Retrace the Collapse of Exports to the Us · Global Voices
The US President, Donald Trump, is studying to reduce some tariffs on products manufactured from steel and aluminium. The fees on these goods, which were around 50% in August, are impacting the citizens’ pocket and have contributed to further sinking their approval rate. As revealed by the Financial Times on Friday, the US government has decided to put letters on the matter with a possible reduction in commercial rates. The Spanish steel sector,…
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