On February 11, 2025, President Trump issued a proclamation to adjust the duties on steel and derivative steel products imported into the U.S. from various countries, with these changes set to take effect on March 12, 2025. The proclamation revokes or modifies previous directives related to steel imports, including Proclamations 9740, 9759, 9894, and 10064, which had been applied to countries like South Korea, Argentina, Brazil, and others.

Beginning on March 12, 2025, steel and derivative steel imports from these countries will face 25% ad valorem tariff, as outlined in Proclamations 9705 and 9980. The proclamation also revises the U.S. tariff code (HTSUS), adjusting the duty rates on imports of certain steel products from specific nations. A new procedure will be established for handling derivative steel imports, and existing product exclusion requests will be terminated.

The announcement has sparked mixed reactions, with critics calling the tariffs unjustified and warning of potential retaliatory actions or the need to negotiate a new agreement. On the other hand, U.S. steel producers have largely supported the move, anticipating improved competitiveness. However, economists have cautioned that the tariffs may drive up prices for American consumers and manufacturers, particularly industries that depend on imported metals.

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