Categories: Latest News

Trump reduces tariffs on steel, aluminum, copper derivatives

WASHINGTON, 3rd April, 2026 (WAM) — US President Donald Trump has decided to adjust the tariffs imposed on imports of steel, aluminum, and copper to reduce duties on derivatives made from these metals, simplify compliance procedures, and prevent manipulation of import values.

The White House stated in a briefing Thursday that under the proclamation signed by the President, the United States will maintain a 50% import duty on steel, aluminum, and copper imports under Section 232 of the Trade Act of 1974. This rate will apply to the prices paid by American customers.

The White House explained that tariffs on certain industrial equipment and electrical grid components that use significant quantities of these metals will be reduced from 50% to 15% until 2027 to accelerate the pace of industrial expansion.

A senior official noted that the changes include the elimination of the previous 50% tariff on derivative products made from steel, aluminum, and copper if the metal content of the product is less than 15% by weight.

Share this post:
wetelacademy@gmail.com

Recent Posts

China’s central bank adds 12 banks as digital yuan operators

BEIJING, 3rd April, 2026 (WAM) -- China's central bank announced Thursday that it has added…

47 minutes ago

Artemis 2 astronauts depart Earth orbit towards Moon

FLORIDA, 3rd April, 2026 (WAM) -- Astronauts of NASA’s Artemis 2 mission ignited their spacecraft…

48 minutes ago

DR Congo declares end of mpox outbreak after two years

KINSHASA, 3rd April, 2026 (WAM) -- The Democratic Republic of the Congo today announced the…

2 hours ago

Kuwait announces interception of hostile missile, drone attacks

KUWAIT, 3rd April, 2026 (WAM) -- Kuwait announced that its air defences intercepted hostile missile…

3 hours ago

Pentagon announces resignation of US Army Chief-of-Staff

WASHINGTON, 3rd April, 2026 (WAM) -- The US Department of Defence (Pentagon) announced today the…

3 hours ago

US President dismisses Attorney General

WASHINGTON, 3rd April, 2026 (WAM) -- US President Donald Trump has dismissed Attorney General Pam…

4 hours ago