U.S. to Maintain 25% Steel and Aluminum Tariffs, Extend to Copper, as Auto Tariffs Set for April 2

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Updated Mar 12, 2025, 05:07 PM

U.S. Commerce Secretary Howard Lutnick has stated that the U.S. will maintain 25% tariffs on steel and aluminum imports until the domestic industry is strengthened. He also announced plans to extend these tariffs to copper imports, following a Section 232 investigation ordered by President Donald Trump. Lutnick emphasized that these measures are essential for national security, citing the need for the U.S. to produce steel, aluminum, semiconductors, and pharmaceuticals domestically. He mentioned that Trump is committed to ensuring a robust national production capacity for these metals. In an effort to de-escalate tensions, Lutnick plans to meet with Canadian officials on Thursday to 'lower the temperature' in trade discussions. He indicated that while he will engage with Ontario's Premier Doug Ford, comprehensive trade negotiations with Canada will await the full appointment of Mark Carney as Canadian Prime Minister. Lutnick also mentioned that the U.S. is open to reducing tariffs if other countries reciprocate, and he confirmed that auto tariffs are scheduled to be implemented on April 2. Additionally, he noted that some foreign steel prices are expected to increase due to these policies.

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Sources

df.cl eleconomista.com.mx cnnbrasil.com.br

Markets Today

@marketsday

U.S. COMMERCE SECRETARY LUTNICK: NOTHING WILL STOP TARIFFS ON STEEL AND ALUMINUM IMPORTS UNTIL WE HAVE STRONG U.S. INDUSTRY

Diario Financiero

@DFinanciero

🔑 #DFFull | U.S. Commerce Chief Says Nothing Will Stop Trump's Tariffs on Metals, Including Copper https://t.co/qXbtnNXNLf

El Economista

@eleconomista

#Empresas | U.S. Secretary of Commerce Howard Lutnick said that nothing will stop President Donald Trump's 25% steel and aluminum tariff expansion. 🇺🇸 https://t.co/o0jAv4mV3U