June 3, 2025
Fred Fischer, Senior Vice President
On June 3, 2025, President Trump issued a Proclamation increasing the Section 232 tariff on steel and aluminum from 25% to 50% for all countries except for the United Kingdom. The amended tariff took effect at 12:01am EDT on June 4, 2025. The proclamation can be found here. The White House factsheet can be found here. A Section 232 steel and aluminum update presentation is attached.
June 3 Proclamation Adjusting Imports of Aluminum and Steel Into the United States
- The tariff on U.S. imports of steel and steel derivatives was increased from 25% to 50%
- The tariff on U.S. imports of aluminum and aluminum derivatives was increased from 25% to 50%
- U.S. imports of steel and aluminum from the UK remain at 25% under the U.S.-UK Economic Prosperity Deal, with potential adjustments based on compliance
- The proclamation added 23 new steel derivative products with a U.S. import value of $14.6 billion in 2024
- The proclamation added 10 new aluminum derivative products with a U.S. import value of $14.2 billion in 2024
- The U.S. imported $233.3 billion of affected steel and aluminum products in 2024
- The president made the tariff adjustments “after considering current information newly provided by the Secretary [of Commerce], among other things…”
- U.S. Customs and Border Protection (CBP) will issue guidance mandating strict compliance with declaration requirements for steel and aluminum content in imported articles
The complete AGS report, including data visualizations and supporting statistics, can be viewed at the link below:
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