Trump plans to roll back some steel, aluminium tariffs: Report | Business News

Former President Donald Trump is reportedly considering a rollback of certain steel and aluminium tariffs that were imposed in 2025. These tariffs, which reached up to 50%, significantly impacted international trade, affecting the costs of imports and stirring global trade tensions. The tariffs also included a rate on materials that were neither steel nor aluminium, broadening their economic impact. The plan to reduce these tariffs signals a potential shift in trade policy, aiming to foster better relations with international trading partners. By easing these restrictions, the U.S. could see a boost in manufacturing sectors reliant on these metals, as well as a decrease in production costs for American companies. This move might also alleviate some of the retaliatory measures imposed by other countries in response to the 2025 tariffs. Industry experts suggest that rolling back these tariffs could enhance market stability and improve competitiveness for U.S. businesses in the global arena. However, it remains to be seen how this decision will affect domestic producers who initially benefited from reduced foreign competition. As discussions unfold, stakeholders across various sectors will be closely monitoring the potential economic implications of this policy change.

— Authored by Next24 Live