Trump adjusts tariffs on steel, aluminum and copper

President Trump issued an executive order Thursday restructuring tariffs on steel, copper, and aluminum to base them on the full import price paid by the U.S. rather than the production cost in the country of origin. The shift means tariff rates would effectively increase on these metals, since import prices typically exceed domestic production costs. The move could raise costs for American manufacturers and consumers who depend on these materials while potentially protecting domestic steel, copper, and aluminum producers from foreign competition. Trump has made tariff policy a centerpiece of his trade agenda, arguing that higher duties protect American industry and workers. The administration's approach signals a more aggressive stance on import pricing as it reshapes trade relationships with major suppliers.