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On August 15, local time, the Trump administration of the United States announced the expansion of the scope of the 50% tariff on steel and aluminum imports, and included hundreds of derivative products in the tariff list.
The U.S. Department of Commerce announced in a Federal Register notice published that evening that the Bureau of Industry and Security has added 407 product codes to the Harmonized Tariff Schedule of the United States. These products will be subject to additional tariffs due to their steel and aluminum content.
The notice stated that the non-steel and aluminum components of these products will be subject to tariffs imposed by President Trump on goods from specific countries. The expanded tariff list will officially take effect on August 18.
On June 3rd local time, the White House issued a statement announcing that President Trump announced an increase in tariffs on imported steel, aluminum, and their derivatives from 25% to 50%. The tariff policy will take effect at 12:01 a.m. Eastern Time on June 4, 2025.
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