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United States announces new rules for calculating Section 232 tariffs on steel, aluminum, and copper imports

New rules for calculating the tariffs so that they are assessed on the full value of the imported products.

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april 2, 2026

President Trump today signed a proclamation to adjust tariffs imposed under Section 232 on imported steel, aluminum, and copper products. The Section 232 duty will now apply to the full customs value of the article, regardless of the metal content in the imported article.

According to a White House release, the proclamation establishes new rules for calculating the tariffs.

  • A 50% tariff applies to the full value of articles made entirely or almost entirely of steel, aluminum, or copper.
  • A 25% tariff applies to the full value of derivative articles substantially made of these metals.
  • Certain metal-intensive industrial and electrical grid equipment will be subject to a 15% tariff through 2027.
  • A lower tariff of 10% applies to products made abroad but entirely with U.S. steel, aluminum, and copper.
  • Products containing 15% or less of steel, aluminum, or copper by value are no longer subject to the Section 232 metals tariffs.

The amendments will be effective with respect to goods entered on or after 12:01 AM ET on April 6, 2026.

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@kpmg.com

Frances Xing
Principal

E: francesxing@kpmg.com

 

 

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