According to a report by the Wall Street Journal (WSJ), citing sources close to the matter, the Trump administration is moving to revise the tariff regime on imported steel and aluminum. Under a presidential order expected to be issued this week, different tariff rates will be applied to raw materials used in industry and finished products manufactured from these metals.
Under the new regulation, the existing 50% tariff on commodity-grade steel and aluminum products will be maintained. However, a 25% duty is planned for finished (derivative) products manufactured using imported steel or aluminum.
The method of calculating the tariffs will also change under the new system. While the current 50% rate is applied only to the value of the metal content within the product, the new 25% duty will be imposed on the total invoice value of the product.
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