US President Donald Trump signed proclamations on 10 February 2025 re-imposing 25 percent tariffs on all steel imports and raising aluminium tariffs from 10 percent to 25 percent, under Section 232 of the Trade Expansion Act of 1962. The measures removed every country exemption and quota arrangement negotiated under the previous administrations, covering Canada, Mexico, the European Union, Britain, Japan, South Korea and others, and extended the duties to a range of downstream steel and aluminium derivative products. Existing product exclusions were terminated and the Commerce Department lost its authority to grant new ones. The tariffs were set to take effect on 12 March 2025. Trump told reporters the rate would apply without exceptions or exemptions, saying any steel coming into the United States would face the 25 percent duty. The move revived the tariff regime first imposed in 2018, which had been progressively relaxed, and it set the tone for a year in which steel trade policy became the central issue for producers worldwide.
Source: Lexology — https://www.lexology.com/library/detail.aspx?g=26895eb4-5f5d-49fb-99e6-8e6b5e0fc5e0
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