Home » US Tariffs on Steel, Aluminum Take Effect

US Tariffs on Steel, Aluminum Take Effect

‘This is a big deal, the beginning of making America rich again,’ Trump said in February.

‘Thisisabigdeal,thebeginningofmakingAmericarichagain,’TrumpsaidinFebruary. PresidentDonaldTrump’s25percenttariffsonallsteelandaluminumimportswentintoeffectshortlyaftermidnightonMarch12. InadditiontoimposingleviesonsteelandaluminumfromallU.S.tradingpartners,theWhiteHouserestoredandexpandedSection232tariffsbyeliminatinghundredsofagreed-uponexemptionsandexclusionsapprovedbyformerPresidentJoeBidenorduringTrump’sfirstterm. ThePresidentannouncedlastmonththathewasintroducingnewstandardsthatmandatesteelbe“meltedandpoured”andaluminumbe“smeltedandcast”inNorthAmericatopreventnationslikeChinafromcircumventingtraderestrictions. Thepurpose,Trumpsays,istostopcountriesfromtakingadvantageoftheUnitedStates,tobolsterdomesticproduction,andtoreturnjobstotheU.S.economy. “Thisisabigdeal,thebeginningofmakingAmericarichagain,”TrumptoldreportersattheOvalOfficeonFeb.10. “Ournationrequiressteelandaluminumtob