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US to impose tariff on wider range of imported steel, aluminum products

China

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China

US to impose tariff on wider range of imported steel, aluminum products

2025-08-16 20:40 Last Updated At:08-17 16:57

The U.S. government announced on Friday that it will impose its 50-percent tariff on a wider range of imported steel and aluminum products, adding hundreds of derivative products onto the tariff list.

The main sources of these products for U.S. imports include Canada, Mexico and Brazil.

An announcement released by the U.S. Department of Commerce said that the Bureau of Industry and Security is adding 407 product codes to the Harmonized Tariff Schedule. These products will be subject to additional tariffs due to the steel and aluminum components they contain.

The non-steel and aluminum components of the products will be subject to the tariffs imposed by U.S. President Donald Trump on goods from specific countries. The expanded tariff list will officially take effect next Monday.

US to impose tariff on wider range of imported steel, aluminum products

US to impose tariff on wider range of imported steel, aluminum products

US to impose tariff on wider range of imported steel, aluminum products

US to impose tariff on wider range of imported steel, aluminum products

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Crude futures settle lower

 

Oil prices fell on Thursday.

The West Texas Intermediate for February delivery dropped 2.83 U.S. dollars, or 4.56 percent, to settle at 59.19 dollars a barrel on the New York Mercantile Exchange. Brent crude for March delivery lost 2.76 dollars, or 4.15 percent, to settle at 63.76 dollars a barrel on the London ICE Futures Exchange.

Crude futures settle lower

Crude futures settle lower

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