If you’re in the metals industry, you have likely been waiting a long time for word from the White House on what the president will do vis-a-vis the U.S. Department of Commerce’s Section 232 investigations of aluminum and steel imports.
The probes, launched last April, fell under Section 232 of the Trade Expansion Act of 1962, which grants the president authority to limit imports if they are determined to be detrimental to national security.
After many months, the president announced Thursday that his administration plans to implement tariffs of 25% on steel and 10% on aluminum next week. More details still need to emerge — for example, will any countries, like Canada or Australia, garner exemptions? — but the announcement yesterday had the whole metals world talking.
Further news should be coming next week, when Trump’s announcement could become an actual legal proclamation. Until then, the MetalMiner team broke down the Section 232 landscape, including what the announcement might mean for you.
To access the MetalMiner team’s full breakdown of the Section 232 issue, visit our dedicated Section 232 Report Investigation Impact page to download the full report.