- Effective June 4, 2025, the U.S. has increased tariffs on aluminum and steel imports from 25% to 50% ad valorem, applying to both primary articles and their derivative products, while maintaining the principle of non-stacking for existing tariffed items, except for imports from the UK, which will continue to face a 25% tariff.
- This tariff increase follows investigations under Section 232 of the Trade Expansion Act, which determined that such imports pose a threat to national security, and aims to bolster domestic industries by addressing these concerns.
- Affected companies are advised to reassess their import strategies and supply chains in light of the new tariffs, ensure compliance with strict declaration requirements set by U.S. Customs and Border Protection, and consult with trade advisors to navigate the regulatory changes and mitigate financial impacts.
Sources
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