Expanded Tariffs on Steel and Aluminum goods: Trump's initiatives now encompass over 400 additional product categories

The Department of Commerce, under the leadership of Secretary Jeffrey Kessler for Industry and Security, has announced an expansion of President Donald Trump's steel and aluminum tariffs. This extension aims to support the continued revitalization of the American steel and aluminum industries.

The expanded tariffs now include more than 400 additional product categories, encompassing a wide range of items such as wind turbines, mobile cranes, bulldozers, heavy equipment, railcars, furniture compressors, and pumps. This move is expected to provide greater support to these key industries.

In a news release, Secretary Kessler confirmed the expansion, stating that the increased tariffs are intended to reduce or eliminate the national security threat posed by imports. The companies primarily affected by these 50% tariffs, initially announced by President Trump in June, are primarily exporters of steel and aluminum products from the EU and other regions.

This expansion also impacts many sectors that use these materials, such as the food, packaging, automotive, and construction industries. As 407 additional product codes related to steel and aluminum derivatives have been subject to these tariffs, it is anticipated that this move will have far-reaching consequences.

However, President Trump has assured that no steelworker will face layoffs, all jobs will be preserved, and all facilities will remain open. In addition, every U.S. Steel worker is expected to receive a $5,000 bonus as a result of these measures.

For a comprehensive list of the products added to the steel and aluminum tariffs, please refer to the provided link. It is worth noting that the UK is currently exempt from these increased tariffs.