50% Tariffs for Steel and Aluminum Imports Take Effect 12:01 a.m. ET June 4

President Trump issued a proclamation this evening ensuring that tariffs on aluminum and steel imports will increase from 25% ad valorem to 50% ad valorem, effective 12:01 a.m. ET on June 4. 

U.K. steel and aluminum imports, however, will remain at the 25% tariff rate through July 9 at which time the Commerce Secretary may adjust the applicable rates of duty, even increasing the duty to 50% if he determines that the U.K. has not complied with relevant aspects of the U.S.-U.K. Economic Prosperity Deal (EPD) of May 8, 2025. 

For more details, read the proclamation here.

As always, we will monitor these developments and update you as information becomes available.

For further questions or discussion, please contact your South East World Wide (Chicago), Ltd. Sales Representative.