New rules impose higher levies on raw and metal-heavy imports as administration seeks to boost domestic industry.
By yourNEWS Media Newsroom
President Donald Trump signed an executive order Thursday revising how tariffs are calculated on steel, aluminum, and copper imports, introducing stricter valuation rules aimed at preventing companies from avoiding import taxes.
The order establishes new guidelines for determining the value of metal content in imported goods. Under the changes, raw materials will face a 50 percent tariff based on their U.S. price, while finished products containing at least 15 percent of the specified metals will be subject to a 25 percent levy.
Administration officials said the revisions were necessary to address practices by some exporters and wholesalers who understated the value of goods to reduce tariff obligations.
“So it’s now going to be proper and fair,” one official said during a background call with reporters on April 2.
The updated framework is intended to strengthen domestic manufacturing, particularly in industries tied to critical metals. Officials noted that the United States, once a dominant force in steel production, has fallen behind global competitors in recent decades.
They pointed specifically to China’s influence in global markets, including its recently announced export license requirements for steel.
“We were becoming subservient to others who made steel,” the official said. “They are thinking of weaponizing steel.”
The order reflects a broader push by the administra
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