Trump Increases Tariffs on Steel and Aluminum

WilmerHale
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President Donald Trump issued two presidential proclamations on Monday, February 10, 2025, that make significant changes to the tariffs on steel (25%) and aluminum (10%) that the president initially imposed in his first term pursuant to Section 232 of the Trade Expansion Act of 1962 (Section 232).i The revised measures, which are slated to become effective on March 12, 2025, eliminate country exemptions and product exclusions; expand the tariffs to include certain downstream products; establish new processes to include additional downstream products; direct US Customs and Border Protection (CBP) to prioritize enforcement; and, in the case of aluminum, increase the existing tariff rate from 10% to 25%. In short, the proclamations significantly expand the scope of the prior steel and aluminum tariffs, and they remove flexibilities that the first Trump and Biden Administrations had built into them.

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