The tariff rate could be announced as soon as this week, the Journal reported on Wednesday, citing people with knowledge of the administration’s plans. The 25% rate would apply to derivative products, those that contain steel and aluminum, the report said, replacing a current 50% rate on the value of steel and aluminum used in products. The higher rate would still apply for goods made almost entirely of steel and aluminum, according to the Journal. The move comes as the Trump administration is dealing with voter discontent over the economy, fuelled by worries over the cost of living. Trump last year imposed a 50% levy on foreign steel and aluminum in a measure aimed at Chinese overcapacity.

Source: The Edge Markets April 01, 2026 22:10 UTC