just!Trump's order: 50% tariff will take effect today!
- Author:weiyun.com
- Source:weiyun.com
- Release Date:2025-06-05
On June 3 local time, the White House issued a statement saying that US President Trump announced that tariffs on imported steel, aluminum and its derivatives will be raised from 25% to 50%, and the tariff policy will take effect from 00:01 am on June 4, 2025.
The statement said that tariffs on steel and aluminum imported from the United States will remain at 25%.
The statement said that tariffs on steel and aluminum imported from the United States will remain at 25%.
Starting from July 9, 2025, the United States may adjust the applicable tariff rates in accordance with the terms of the Environmental Policy Statement and formulate import quotas for steel and aluminum.
If the UK is deemed to be in compliance with the relevant provisions of the Environmental Policy Statement, the applicable tariff rate can be increased to 50%.Trump said this is out of the need to protect national security.
"Previous tariffs have not yet enabled domestic industries to meet and maintain the necessary capacity utilization, which is crucial for the sustainable and healthy development of the industry and the expected defense demand," the White House wrote in an executive order published on social platform X.
Raising the levels of tariffs previously implemented will provide greater support for these industries, reducing or eliminating the threats posed by imported steel and aluminum products and their derivatives to U.S. national security.”
It is also reported that nearly half of the United States' aluminum products rely on imports.In terms of steel, the United States is also a net importer.Analysts say that U.S. steel prices are already higher than those in other regions, and tariff policies will only make prices higher.
Experts warn that steel tariffs may lead to higher prices for goods such as cars, housing and large home appliances.
In addition, because steel and aluminum are widely used in canned food packaging, consumers may also see prices for groceries rising.
On May 30, local time, US President Trump said in Pennsylvania that he would raise tariffs on imported steel from 25% to 50%.
Subsequently, Trump posted on social media platforms that the decision will take effect from June 4.At present, the EU's countermeasures are ready to go.
An EU spokesman said that if a resolution cannot be reached with the United States, existing and possible additional countermeasures will automatically take effect on July 14, and will be implemented in advance if necessary.