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Section 232

All articles tagged with #section 232

Trump Modifies 232 Tariffs on Aluminum, Steel, Copper with Expanded Derivative Rules
economy1 month ago

Trump Modifies 232 Tariffs on Aluminum, Steel, Copper with Expanded Derivative Rules

President Trump issues a new proclamation altering the Section 232 tariff regime for aluminum, steel, and copper imports, effective June 8, 2026. The changes expand derivative coverage (including agricultural equipment and certain residential HVAC components) and adjust tariffs: 25% on listed metal products, 10% on derivative articles that are entirely US-made in metal content, and a temporary 15% reduced rate for selected derivative products; aluminum lithographic plates and steel racks are now covered derivatives; the threshold for “made entirely from American” drops from 95% to 85%. For Canada and Mexico under USMCA, 25% applies only to non-U.S. content with a floor of 15%. Beginning 2028, rates will align with Proclamation 11021. The Secretary of Commerce and other agencies will monitor and adjust as needed to address national security concerns and ensure implementation across HTSUS changes.

via The White House (.gov)|
#aluminum#copper#economy
Trump Orders Talks to Secure and Diversify U.S. Critical Minerals Supply
politics6 months ago

Trump Orders Talks to Secure and Diversify U.S. Critical Minerals Supply

President Trump signed a proclamation directing the Commerce Department and the U.S. Trade Representative to negotiate with trading partners to address the national-security threat posed by imports of processed critical minerals and their derivatives, including pursuing price floors. If agreements aren’t entered into, aren’t carried out, or aren’t effective within 180 days, the President may take additional actions. The move aims to strengthen domestic mining and processing and build diverse, allied supply chains to reduce dependence on foreign sources for defense, energy infrastructure, and consumer goods, building on prior actions and partnerships with allies like Australia, Saudi Arabia, Malaysia, Thailand, and Japan.

via The White House (.gov)|
#critical-minerals#national-security#politics
Trump Implements 50% Tariff on Copper Imports to Boost National Security
government11 months ago

Trump Implements 50% Tariff on Copper Imports to Boost National Security

President Donald Trump signed a proclamation imposing 50% tariffs on certain copper imports to protect US national security and support domestic copper industry, including measures to boost domestic refining and scrap sales, following a Section 232 investigation highlighting copper's importance to defense and the trade deficit.

via The White House (.gov)|
#copper-tariffs#government#national-security
Appeals Court Allows Trump’s Tariffs to Remain During Legal Review
politics1 year ago

Appeals Court Allows Trump’s Tariffs to Remain During Legal Review

A federal appeals court has allowed President Trump's tariffs to remain in effect while legal challenges are expedited, with a decision expected this summer. The case concerns whether Trump exceeded his authority in imposing broad tariffs, but the ruling does not affect sector-specific tariffs under different laws. The ongoing legal and policy battles create uncertainty for businesses and consumers regarding future costs and trade policies.

via CNN|
#appeals-court#politics#section-232