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Did Trump 'show leniency'? Major adjustments to metal tariffs, but the 50% punitive measure remains firmly in place.

Products containing less than 15% steel, aluminum, or copper are exempt from tariffs, while products made purely of American metals are subject to only a 10% tariff—Trump has made a “humanized” adjustment to the metal tariffs. However, don’t celebrate too soon: A wide range of derivatives, such as steel pipes, still face a full 50% tariff.

Golden10 DataApr 3 08:18

Official Announcement: The United States imposes a 25% tariff on steel, aluminum, and copper finished products, and a 100% tariff on patented drugs, but grants exemptions in accordance with agreements.

The White House announced that, under Section 232 of the Trade Act of 1962, a unified 25% tariff will be imposed on imported steel, aluminum, and copper as well as their manufactured products and derivatives. Products containing 15% or less of steel, aluminum, or copper are exempt from such tariffs. Under the same provision, a 100% tariff will be levied on branded or patented imported pharmaceuticals. If the drugs are produced in regions or countries like the EU that have signed trade agreements with the United States, a preferential tariff rate of 15% will apply. Enterprises that sign most-favored-nation pricing agreements and production repatriation agreements with the U.S. will enjoy duty-free status until 2029.

wallstreetcnApr 3 04:20

Express News | The US Adjusts Tariffs on Steel, Aluminum, and Copper: Low Content Exempt, High Content Taxed Based on Product Value

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