politics
Trump lowers tariffs on metal derivatives to 15% while retaining 50% on base metals
A presidential proclamation keeps a 50% Section 232 duty on base steel, aluminum and copper but lowers levies on certain equipment and low-metal-content derivatives to 15% through 2027.
Apr 2nd 2026 ยท United States
Insights
- President Trump signed a proclamation maintaining a 50% Section 232 tariff on steel, aluminum and copper imports applied to prices paid by American customers.
- Tariffs on certain industrial equipment and electrical grid components will be cut from 50% to 15% until 2027.
- Products with less than 15% metal content by weight are excluded from the 50% derivative tariff.
- The proclamation aims to simplify compliance and prevent manipulation of import values.
Sources
- Trump cuts metal tariffs to 15% for some industrial, electrical equipment, down from 50% www.theglobeandmail.com
- Trump cuts US duty rates on steel, aluminium and copper derivative products www.straitstimes.com
- Trump reduces tariffs on steel, aluminum, copper derivatives gulfnews.com
- Another round of Liberation day tariffs? Trump slaps patented drugs with 100% tariff, lowers duties for steel, aluminium timesofindia.indiatimes.com
- Trump tariff tweaks smooth the way for EU-US trade deal approval www.politico.eu