Steel and aluminum

The two-month exemption period for Canada, Mexico, and the European Union has ended, and Section 232 tariffs—which place a 25 percent tariff on steel and 10 percent tariff on aluminum—are set to go into effect June 1.

As a result, Mexico has stated they may place tariffs on American lamps, pork, fruit, cheese and flat steel. Europe also said it would place possible tariffs on U.S. products such as motorcycles, denim, cigarettes, cranberry juice and peanut butter. None of these proposed tariffs have been set in stone, however it is likely that these countries will retaliate with additional duties on U.S. products.

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