- President Trump issued a Proclamation on June 1, effective June 8, 2026, establishing a temporary tariff framework for certain aluminum, steel, copper, and derivative products, including a general 25% duty rate, alternative treatment for specific trading partners, and special rules for USMCA products.
- The Proclamation also lowers the US-origin content threshold for steel and aluminum from 95% to 85%, expands eligibility for a 15% tariff treatment to include agricultural equipment, mobile industrial equipment, and certain HVAC systems, and adds aluminum lithographic plates and steel racks to existing Section 232 measures.
- This action is significant for importers of these products, potentially creating opportunities for lower tariffs due to changes in US-origin content requirements, and underscores the administration’s continued reliance on Section 232 authorities for trade policy modifications.
Source PwC
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