On Feb. 10, President Donald Trump announced 25% tariffs on imports of steel and aluminum to the United States, without exceptions for allies such as Canada, Mexico, Japan and South Korea. The tariffs, set to take effect on March 12, are the latest in a slew of tariff threats and impositions from Trump in the first weeks of his second term. Trump so far has imposed 10% tariffs on all Chinese goods, and threatened 25% tariffs on Canada, Mexico and Colombia, before reaching deals with their governments.

Please see below for a breakdown of the latest tariffs on steel and aluminum:

Steel:

• All previous steel tariff agreements that created exceptions or quotas to escape the previous Trump 25% steel tariffs are terminated as of March 12, 2025. As of that date, all imports of steel articles and derivative steel articles from Argentina, Australia, Brazil, Canada, EU countries, Japan, Mexico, South Korea, Ukraine and the United Kingdom shall be subject to the 25% additional ad valorem.
• As of March 12, 2025, the 25% tariff applies derivative steel articles covered by the executive order (we are still awaiting an annex listing those articles).
• Exclusions from the 25% steel tariff are no longer authorized.
• The order expands steel products subject to the 25% tariffs to include certain “downstream products” that will be provided in “Annex I” of a Federal Register notice not yet available. Per the executive order, as of March 12, 2025, the additional derivative steel articles that will be set out in in “Annex I” will be subject to the tariffs “except for derivative steel articles processed in another country from steel articles that were melted and poured in the United States. For any derivative steel article identified in Annex I that is not in Chapter 73 of the HTSUS, the additional ad valorem duty shall apply only to the steel content of the derivative steel article. The Secretary shall publish a notice in the Federal Register to this effect, including Annex I to this proclamation.”
• Effective dates: Steel articles entered from all countries on or after 12:01 a.m. ET on March 12, 2025.

 Aluminum:

• The applicable tariff rate on aluminum products will be increased to 25%.
• All previous aluminum tariff agreements that created exceptions or quotas to escape the previous Trump 25% steel tariffs are terminated as of March 12, 2025. As of that date, all imports of aluminum articles and derivative aluminum articles from Argentina, Australia, Brazil, Canada, EU countries, Japan, Mexico, South Korea and the United Kingdom shall be subject to the 25% additional ad valorem.
• Effective dates: Aluminum articles entered from all countries on or after 12:01 a.m. ET on March 12, 2025.
• Exclusions from the 25% tariff are no longer authorized.
• Within 90 days, a process must be established to apply the tariffs to derivative aluminum articles.