On February 11, 2025, President Trump issued a proclamation to modify the duties on steel and derivative steel articles imported into the U.S. from several countries, effective on March 12, 2025. The proclamation revokes or amends previous proclamations
related to steel imports, including Proclamations 9740, 9759, 9894, and 10064, which were applied to countries like South Korea, Argentina, Brazil, and others.

Starting on March 12, 2025, steel and derivative steel imports from these countries will face an additional ad valorem tariff of 25%, as set in Proclamations 9705 and 9980. The proclamation also revises the U.S. tariff code (HTSUS), adjusting duty rates on imports of certain steel articles from specific countries. Additionally, a new process for handling derivative steel imports will be established, and existing product exclusion requests will be terminated.

The decision has elicited varied reactions criticizing the tariffs as unjustified, signaling potential retaliatory measures or looking to negotiate a new agreement. U.S. steel producers have welcomed the move, anticipating increased competitiveness. However, economists warn that the tariffs would lead to higher prices for American consumers and manufacturers, affecting industries reliant on imported metals.

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