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Trade Updates
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U.S. Adjusts Section 232 Tariffs on Aluminum, Steel, and Copper (New Proclamation Further Adjusting Tariff Regimes; CBP Guidance Available)
Effective April 6, 2026, Section 232 tariffs on aluminum, steel, and copper apply to the full customs value of imports. Rates include 50%, 25%, and 15% through 2027. A June 1 proclamation adjusts Annex I-C rates, expands coverage, and lowers thresholds. CBP guidance provides updated HTS classifications and reporting rules effective June 8, 2026.
Canada Announces New Measures to Protect Steel and Lumber Industries (Updated)
Canada has introduced measures to support its steel and lumber industries, including a 25% tariff on certain steel products, reduced freight rates, and financial aid. On December 12, 2025, steel TRQs under item 82 were updated. On June 3, 2026, key steel and aluminum tariff measures were extended to June 2027.
Trump Signs Order to Tighten U.S. Customs Enforcement
President Trump signed an executive order tightening U.S. customs enforcement, barring foreign importers from informal entry, raising bonding requirements, and expanding supply chain disclosures. The order sets a 50% minimum penalty floor, eliminates mitigation for repeat offenders, and directs DHS and DOJ to prioritize forced labor and transshipment violations.
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