President Trump Imposes Tariffs on Steel and Aluminum Metalcasters Concerned with Potential Rise in Metals Prices, Impact on Their Customers & Loss of Orders
On Thursday, March 8, President Trump officially signed two proclamations enacting tariffs of 25 percent on steel and 10 percent on aluminum. The tariffs are set to take effect on March 23, 2018, and contain an initial exemption for Canada and Mexico, as the administration seeks broader trade concessions from both countries as it renegotiates the North American Free Trade Agreement (NAFTA).