White House announces 25% tariffs on all steel and aluminum imports

Effective March 12, 2025

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February 11, 2025

The White House yesterday announced that President Trump signed a proclamation imposing a 25% tariff on all steel imports and a proclamation increasing the tariff on aluminum imports to 25%, effective March 12, 2025.

The president is exercising authority under Section 232 of the Trade Expansion Act of 1962 to adjust imports of steel and aluminum to protect national security.

According to a White House fact sheet (February 11, 2025), prior exemptions for certain countries—such as Argentina, Australia, Brazil, Canada, Japan, Mexico, South Korea, the European Union, Ukraine, and the United Kingdom—created loopholes that were exploited. The president’s proclamation introduces various reforms, including eliminating alternative agreements, applying "melted and poured" standards, expanding tariffs to include key downstream products, terminating general approved exclusions, and addressing tariff misclassification and duty evasion.

For more information, contact a professional with KPMG Trade & Customs services:

Andrew Siciliano
Partner, U.S. & Global Practice Leader

E: asiciliano@kpmg.com

Doug Zuvich
Partner

E: dzuvich@kpmg.com

Irina Vaysfeld
Principal

E: ivaysfeld@kpmg.com

John L. McLoughlin
Principal

E: jlmcloughlin@kpmg.com

Luis (Lou) Abad
Principal

E: labad@kpmg.com

George Zaharatos
Principal

E: gzaharatos@kpmg.com

Christopher Young
Principal

E: christopheryoung@kpmg.com

Amie Ahanchian
Principal

E: aahanchian@kpmg.com

Gisele Belotto
Principal

E: gbelotto@kpmg.com

Steve Brotherton
Principal

E: sbrotherton@kpmg.com

Jessica Libby
Principal

E: jlibby@kpmg.com

Dawn Olesky
Principal

E: dolesky@pmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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