Steel and Aluminum Tariffs

On Friday, March 9 President Donald signed an order instituting a 25 percent tariffs on imports of steel and a 10 percent tariff on imports of aluminum. The order came after a Section 232 report, issued by the U.S. Department of Commerce, recommended import tariffs to protect domestic producers on national security grounds. The rates will go into effect in 15 days. Under the plan, Canada and Mexico are exempted from import duties as NAFTA talks continue. The duties are meant to help U.S. industry achieve production capacity levels that will maintain profitability and employments.