Deloitte Tax LLP analyzes tariffs on aluminum and steel
Deloitte Tax LLP analyzes the administration’s tariffs on aluminum and steel in two new tax alerts.
US expands tariffs on imports of steel and aluminum and details its plans for further reciprocal tariffs
Last week brought two major developments with respect to the Trump administration’s global trade policy: its announcement of a plan to impose further supplemental tariffs on steel and aluminum goods imported into the United States, as well as plans to impose reciprocal tariffs later this year on imported goods of numerous countries of origin.
Deloitte Tax LLP provides a summary of the Trump administration’s actions and proposals in this new alert.
Trump administration significantly expands tariffs to include more industrial goods and everyday goods made from aluminum and steel
On February 18, 2025, the Federal Register published the full text and annexes of the two Presidential Proclamations signed last week that extended existing section 232 tariffs on steel and aluminum articles and derivatives imported into the United States from all countries. By increasing the section 232 tariff rate on aluminum from 10% to 25%, maintaining the rate on steel at 25%, eliminating all prior country exemptions and importer exclusions, and identifying new derivative products that will become subject to the section 232 tariffs, these Proclamations provide for a far-reaching and substantial increase in section 232 tariffs that will impact many industries.
Deloitte Tax LLP provides a new alert on the Presidential Proclamations regarding tariffs on steel and aluminum.
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