President Trump has announced new tariffs on steel and aluminum imports on Monday, February 10.
If pushed through, importers will be required to pay an additional 25 percent on top of existing steel and aluminum tariffs. Uncertainty remains over prior exemptions for Mexico and Canada, potentially affecting USMCA trade relations.
President Trump emphasized reciprocal tariffs, asserting U.S. rates should match those of other countries. While domestic producers may benefit, concerns arise over higher costs for manufacturers relying on imported metals.
The formal announcement will detail the President’s broader economic and trade strategies.
Mohawk Global is closely monitoring the President’s announcement related to these tariffs. We understand the importance in clarifying the impact, which includes the timing of the duty application and continue to share updates as more information is published.
Reach out to Mohawk Global Trade Advisors for expert insight on how to navigate these tariff updates and leverage duty mitigation strategies.