Scale flies off a steel coil as it is unrolled on the line at a steel mill in Farrell, Penn., in March, 2018.Aaron Josefczyk/Reuters
The White House said on Thursday that President Donald Trump’s revised national security tariffs on steel, aluminum and copper will apply a 15 per cent tariff on certain metal-intensive industrial and electrical grid equipment through 2027, down from 50 per cent previously.
The White House said in a statement that the reduced tariff was meant to aid the “massive industrial build-out” under way across the U.S.
It also said that the products made abroad but entirely with U.S. steel, aluminum or copper will be subject to import tariffs of 10 per cent.