The Zhitung Finance APP learned from reports that the Trump administration is considering setting a 25% tariff rate on finished products made of imported steel and aluminum, aiming to simplify the tariff structure for metal products and help companies respond more clearly to President Trump’s import tax policies.
The report, citing people familiar with the matter, said the new tariff rate could be announced as early as this week. The report noted that the 25% tariff would apply to derivative products containing steel and aluminum, replacing the current 50% tariff rate levied based on the value of steel and aluminum materials contained in the product. And goods made almost entirely of steel and aluminum would still be subject to the higher 50% tariff rate.
A White House spokesperson, Kush Dasai, said the government has “consistently made it clear that it is implementing a detailed, flexible, multi-pronged strategy to bring key manufacturing back to the United States,” and added that “any reports about potential administrative actions that have not been officially announced by the government should be viewed as unverified speculation.”
Previously, the Trump administration imposed broad-based tariffs on steel and aluminum products. Businesses generally said it was difficult to calculate costs, and the government has recently been working to narrow the scope of taxation to ease pressure on companies.
This move comes as the Trump administration faces voter dissatisfaction with economic issues, with widespread concerns driven by pressure on people’s cost of living. This situation may weaken the Republican Party’s efforts to retain control of Congress in the midterm elections in November.
Last year, Trump imposed a 50% tariff on foreign steel and aluminum, citing the need to address China’s excess production capacity. But this measure ultimately hit other major trading partners, including Canada, the European Union, Mexico, and South Korea. Since then, so-called derivative products containing the aforementioned metals have also been included in the taxation list, requiring companies to calculate the metal share in imported goods in a tedious manner, with compliance difficulty rising sharply.
鋼鉄とアルミニウムの関税新政策を検討中：派生品の税率を25％に引き下げ、純金属製品は50％を維持
The Zhitung Finance APP learned from reports that the Trump administration is considering setting a 25% tariff rate on finished products made of imported steel and aluminum, aiming to simplify the tariff structure for metal products and help companies respond more clearly to President Trump’s import tax policies.
The report, citing people familiar with the matter, said the new tariff rate could be announced as early as this week. The report noted that the 25% tariff would apply to derivative products containing steel and aluminum, replacing the current 50% tariff rate levied based on the value of steel and aluminum materials contained in the product. And goods made almost entirely of steel and aluminum would still be subject to the higher 50% tariff rate.
A White House spokesperson, Kush Dasai, said the government has “consistently made it clear that it is implementing a detailed, flexible, multi-pronged strategy to bring key manufacturing back to the United States,” and added that “any reports about potential administrative actions that have not been officially announced by the government should be viewed as unverified speculation.”
Previously, the Trump administration imposed broad-based tariffs on steel and aluminum products. Businesses generally said it was difficult to calculate costs, and the government has recently been working to narrow the scope of taxation to ease pressure on companies.
This move comes as the Trump administration faces voter dissatisfaction with economic issues, with widespread concerns driven by pressure on people’s cost of living. This situation may weaken the Republican Party’s efforts to retain control of Congress in the midterm elections in November.
Last year, Trump imposed a 50% tariff on foreign steel and aluminum, citing the need to address China’s excess production capacity. But this measure ultimately hit other major trading partners, including Canada, the European Union, Mexico, and South Korea. Since then, so-called derivative products containing the aforementioned metals have also been included in the taxation list, requiring companies to calculate the metal share in imported goods in a tedious manner, with compliance difficulty rising sharply.