20 hours ago · In March 2018, President Trump invoked authority under Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. § 1862) to impose 25% tariffs on steel imports and 10% tariffs on aluminum.

1 day ago · Steel imports fell by 10.2 million tons, or 27%, between 2017, the year before the tariffs, and 2019, according to analysis of government data provided by the American Iron and Steel Institute, an ...

2 days ago · Trump Hits Foreign Steel and Aluminum With Tariffs, Restarting an Old Fight. The president imposed a 25 percent tariff on global metals, repeating a move from his first term.

1 day ago · Trump Tariffs Live Updates: US imposes 25% tariffs on steel and aluminum 'without exceptions or exemptions' By Kylie Maclellan, Christina Anagnostopoulos, Farouq Suleiman, ...

23 hours ago · In 2023, the U.S. International Trade Commission found that those tariffs increased steel and aluminum prices on average by 2.4 percent and 1.6 percent. Perhaps accordingly, the stocks of U.S ...

1 day ago · WASHINGTON (AP) — President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. “Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New ...

2 days ago · Donald Trump said he would on Monday impose 25 per cent tariffs on all steel and aluminium imports, expanding his trade conflicts to the metals sector in a new burst of protectionism from Washington.

2 days ago · Overall, steel imported by American businesses plunged 27% between 2017, the year before there were tariffs, and 2019, the first full year of the tariffs, although some of that decline was due to ...

May 23, 2024 · The Section 232 tariffs would raise aggregate income in the steel industry by about $2.4 billion in 2018 but raise costs for steel consumers by about $5.6 billion. This implies a cost of nearly $650,000 for every job created.

From January to June 2021, hot-rolled band steel in the United States sold at an average of $1,460 per metric ton, over 60% higher than the global price and more than double China’s (Figure 2).