The European Commission announced countermeasures to address the impact on EU businesses and consumers in response to the US reinstating 25% tariffs on steel imports and increase of the existing 10% tariff on aluminum imports to 25%, while extending these tariffs to additional steel and aluminum products on March 12, 2025. These countermeasures will be
Following President Trump’s imposition of a 25% tariff on steel and aluminum products from various countries, including Canada, on March 12, the Canadian government announced its countermeasures. Effective today, March 13, these measures impose additional surtaxes targeting CAD $29.8 billion worth of goods originating from the United States.
The tariffs are designed to be reciprocal
As previously reported, on February 10, 2025, President Trump issued Proclamations 10895 and 10896, making significant changes to the existing measures imposed on imports of aluminum and steel on national security grounds pursuant to Section 232 of the Trade Expansion Act of 1962. Among other changes, the Proclamations added to the list of so-called “derivative”
UPDATE: After a 24-hour back and forth, President Donald Trump announced late on Tuesday evening that the U.S. would not impose an escalated 50% tariff on Canadian steel and aluminum Tuesday. This announcement was made after the Government of Ontario also backed down and called off its efforts to impose a surcharge on electricity exports
This blog post covers trade developments occurring during the seventh week of the new Trump Administration. It covers events occurring through 12:00 pm Eastern time on Friday, March 7.
Import-Related Developments
IEEPA Tariffs on Canada and Mexico Take Effect March 4 but Modified Two Days Later
The tariffs imposed by President Trump on Canada and
On March 3, 2025, the Department of Commerce (Commerce) released advanced Federal Register notices providing modifications to the Harmonized Tariff Schedule of the United States (HTSUS) in order to implement the steel and aluminum tariffs announced by the President on February 10, 2025. Our prior update on these tariffs and the products affected are
Tariff News
Aluminum and Steel Orders
Earlier, we discussed President Trump’s proclamations on aluminum and steel imports, which raised the tariff rate to 25 percent on imports of aluminum and steel (and certain derivatives thereof) under Section 232 of the Trade Expansion Act of 1962 (as amended, 19 U.S.C. 1862). Last week’s proclamations also removed
On February 14, 2025, the White House released Annex I of the February 10, 2025 Proclamations expanding the Section 232 duties to cover certain additional derivative products of steel and aluminum. The additional derivative products are identified by Harmonized Tariff Schedule of the United States (“HTSUS”) code in each annex.
As discussed in our
On Monday, February 10, 2025, President Trump signed Proclamations imposing 25 percent on all imports of steel and increasing the duty rate from 10 to 25 percent for all imports of aluminum into the United States pursuant to Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). Drawback will not
On Sunday, February 9, 2024, President Trump announced to a group of reporters aboard Air Force One that he intended to impose universal tariffs of 25 percent on all imports of steel and aluminum into the United States on Monday, February 10. President Trump also indicated that he intends to announce a regime of “reciprocal