CRS, §232 Steel & Aluminum Tariffs Raised to 50%, Restructured Through June 2026

President Trump has progressively escalated §232 steel and aluminum tariffs to 50% on full product value for most partners, eliminating all country exemptions and General Approved Exclusions while expanding derivative coverage, the UK faces a preferential 25% rate under the U.S.-UK Economic Prosperity Deal. A June 2026 proclamation restructured the tariff schedule into multiple annexes with reduced rates for...