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Adjusting Imports of Steel Into the United States

On February 10, 2025, President Donald Trump issued a proclamation to adjust imports of steel into the United States, citing national security concerns. The action reinstates a 25 percent tariff on steel imports from several countries, including Argentina, Australia, Brazil, Canada, the EU, Japan, Mexico, South Korea, and the UK, effective March 12, 2025. The proclamation terminates previous exemptions and alternative agreements with these countries, which were deemed ineffective in addressing the threat to U.S. national security. Additionally, the proclamation ends the product exclusion process that allowed certain steel imports to bypass tariffs, aiming to strengthen domestic steel production and maintain a target capacity utilization rate of at least 80 percent.