https://www.taxtmi.com/news?id=45603 The proclamation implements a tariff increase to 50 percent on imported steel and aluminum, effective immediately on the specified upcoming Wednesday, justified by aims to protect domestic industry and address imports that threaten national security. The UK receives continued lower-duty treatment under a recent trade agreement, subject to future adjustment for noncompliance. The broadly applied duties are expected to raise input costs across manufacturing, automotive, packaging, construction, and transportation sectors, and carry the risk of foreign retaliatory measures. en-us Wed, 04 Jun 2025 08:31:05 +0530 Wed, 04 Jun 2025 08:31:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=45603 The proclamation implements a tariff increase to 50 percent on imported steel and aluminum, effective immediately on the specified upcoming Wednesday, justified by aims to protect domestic industry and address imports that threaten national security. The UK receives continued lower-duty treatment under a recent trade agreement, subject to future adjustment for noncompliance. The broadly applied duties are expected to raise input costs across manufacturing, automotive, packaging, construction, and transportation sectors, and carry the risk of foreign retaliatory measures. News - Wed, 04 Jun 2025 08:31:05 +0530 https://www.taxtmi.com/news?id=45603