What is the new tariff rate for steel and aluminum imports?
The tariff rate has increased from 25% to 50% ad valorem.
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ARTICLE DETAIL
US Increases Tariffs on Steel and Aluminum Imports | US Increases Tariffs on Steel and Aluminum Imports
Policy And Trade / Trade Regulations
US Increases Tariffs on Steel and Aluminum Imports
The United States has announced an increase in tariffs on steel and aluminum imports, effective June 4, 2025. This measure aims to bolster national security by ensuring the health and competitiveness of domestic steel and aluminum industrie...
Key Insights
- Tariffs on steel and aluminum articles and their derivatives will increase from 25% to 50%.
- The increased tariffs aim to support critical price support in the United States market.
- The U.S-UK Economic Prosperity Deal (EPD) provides different tariff treatment for imports from the United Kingdom, maintaining a 25% ad valorem rate unless the UK fails to comply with the EPD.
- Strict compliance with declaration requirements for steel and aluminum content in imported articles will be enforced by U.S. Customs and Border Protection (CBP), with severe penalties for noncompliance.
In-Depth Analysis
The decision to increase tariffs stems from a determination that previous measures were insufficient to enable domestic industries to maintain necessary capacity production utilization rates for sustained health and national defense needs. The administration has determined that increasing the previously imposed tariffs will provide greater support to these industries and reduce or eliminate the national security threat posed by imports of steel and aluminum articles and their derivative articles.
The proclamation modifies previous trade actions, including Proclamation 9704, Proclamation 9705, Proclamation 9980, Proclamation 10895, and Proclamation 10896. Additionally, it amends Executive Order 14289 to ensure policy alignment. Articles from the United Kingdom will maintain a 25% tariff rate, with potential adjustments based on compliance with the U.S.-UK Economic Prosperity Deal (EPD).
U.S. Customs and Border Protection (CBP) will enforce strict compliance with declaration requirements for steel and aluminum content in imported articles. Importers who submit underreported declarations may face significant monetary penalties, loss of import privileges, and criminal liability.
FAQ
When did the new tariff rate go into effect?
The new tariff rate went into effect on June 4, 2025, at 12:01 a.m. eastern daylight time.
Are there any exceptions to the new tariff rate?
Yes, articles from the United Kingdom will maintain a 25% tariff rate, subject to compliance with the U.S.-UK Economic Prosperity Deal (EPD).
Takeaways
- Stay informed about changes to trade policies and their potential impact on your industry.
- Ensure compliance with declaration requirements for steel and aluminum content in imported articles to avoid penalties.
- Understand how these tariffs could affect the cost and availability of products that rely on steel and aluminum.
- Monitor developments related to the U.S.-UK Economic Prosperity Deal, as it may impact tariffs on goods from the United Kingdom.
Discussion
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Sources
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