📊Executive Summary

The Trump administration is planning a comprehensive overhaul of tariffs on steel and aluminum, which could significantly impact the costs of imported products, particularly those containing these metals. The new tiered tariff structure will apply rates of 50%, 25%, and 0% based on the overall product price rather than just the metal content. This change raises concerns for industries reliant on steel and aluminum, such as automotive and appliances, as it may lead to a substantial increase in import costs. Companies will need to reassess their supply chains and pricing strategies in light of these changes, especially for products exceeding the 15% metal content threshold....