Donald Trump ties US 50% tariffs to customer-paid import values
Donald Trump just rolled out new rules on US tariffs for steel, aluminum, and copper.
The 50% tariff is sticking around, but now it's based on what customers actually pay: no more sneaky underreporting of import values.
Plus, derivative products with less than 15% by weight metal content are off the hook for these tariffs, making things simpler for businesses.
US sets tiered metal-content tariffs
If a derivative product has more than 15% steel, aluminum, or copper by weight, it'll face a new 25% tariff on its total value.
Items made abroad entirely from U.S.-sourced metals get a break with just a 10% tariff.
There's also good news for certain metal-intensive industrial and electrical grid equipment: their tariffs drop from 50% to 15% through 2027.
The whole idea is to make rules clearer and boost revenue while giving some industries room to grow.