Steel and Aluminum Increase June 4, 2025 [CLIENT ALERT]
The Trump administration has implemented a 50% tariff on imported steel and aluminum, with the UK tariffs remaining at 25%. Companies should review their shipments and customs classifications to avoid compliance risks and overpayment.
- Tariff increases on aluminum and steel products are now in effect. Businesses must review shipments arriving after the specified date for tariff implications.
- Correct HTS codes are crucial to prevent misclassification, which can lead to compliance issues.
- Stay informed about changes by consulting with customs brokers and monitoring updates from US Customs and Border Protection.
As of June 4, 2025, the Trump administration has imposed a 50% tariff on imported steel and aluminum products, while tariffs on imports from the United Kingdom remain at 25%. This change reflects ongoing adjustments in trade policy regarding these materials.
Please be advised that continuous changes are being made to tariffs on aluminum and steel products. The Trump administration is imposing a 50% tariff on imported steel and aluminum. The exception being United Kingdom tariffs remaining at 25%.
Key Points:
- Tariff Increases: These 50% tariff increases have gone into effect on aluminum and steel products.
What’s Next?
- Review Import Tariffs: Review any Steel & Aluminum shipments arriving today or after this specified date to assess any tariff implications.
- Review customs classifications: Ensure correct HTS codes are being used; misclassification can lead to overpayment or compliance risks.
- Consult with your Customs Broker: Ensure proper tariff classifications and compliance with CBP regulations.
- Stay up to date with news and alerts on the upcoming tariffs.
Please keep informed by reading up on information from US Customs and Border Protection agency regarding guidance on import duties for steel and aluminum.
We aim to stay in close contact with US Customs for industry guidance and will keep you informed of any major developments giving you the most accurate information to date. As of now, these modifications could be subject to revisions and amendments.
We are committed to serving you with excellent resources, customer service, and managing supply chain challenges to allow your business to navigate the world of imports and exports. Please reach out if you have any questions!
For additional information, please contact your local Gallagher Transport representative. Inquiries may be made at info@gallaghertransport.com