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Manufacturing

Here’s what steel and aluminum tariffs mean for the auto industry

C.C. Wei, chief executive officer of Taiwan Semiconductor Manufacturing Co. (TSMC), from left, US President Donald Trump, and Howard Lutnick, US commerce secretary, during an investment announcement in the Roosevelt Room of the White House in Washington, DC, US, on Monday, March 3, 2025. Taiwan Semiconductor Manufacturing Co., the world's top producer of AI chips, plans to invest an additional $100 billion in US plants that will boost its chip output on American soil and support President Donald Trump's goal of increasing domestic manufacturing. Photographer: Samuel Corum/Sipa/Bloomberg
President Donald Trump, shown with U.S. Commerce Secretary Howard Lutnick, has imposed steel and aluminum tariffs before, but there were many exemptions, and aluminum was subject to a lower duty. On March 12, all U.S. steel and aluminum imports will be subject to at least a 25 percent tariff. (BLOOMBERG)
JI
By:
John Irwin
Last Updated
March 12, 2025 10:04 AM

As of March 12, all U.S. steel and aluminum imports are subject to at least a 25 percent tariff, as the auto industry braces for a host of other duties to go into effect April 2.

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