Importing steel and aluminum is reportedly about to get much more expensive

Steel.
(Image credit: Kevin Frayer/Getty Images)

The Department of Commerce is reportedly set to recommend some serious tariffs on aluminum and steel imports. Axios reported Friday that these recommendations would set a minimum 7.7 percent tariff on all aluminum imports and a 24 percent tariff on all steel imports.

Under these recommendations, tariffs on aluminum imports from China, Russia, Venezuela, and Vietnam specifically will climb to 23.5 percent. Additionally, no country will be able to export more than of 86.7 percent of the amount of aluminum they sold to the U.S. in 2017, Axios says.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up

These recommendations were presented after a Section 232 Investigation by the Department of Commerce, which was meant to determine "whether import restrictions on steel and aluminum are needed to protect national security," Reuters says. But implementing these policies would amount to "a declaration of war against the world on aluminum and steel," a former senior government trade official told Axios.

There is no guarantee that President Trump will act on all or even many of the recommended changes, though he has reportedly long itched for stronger tariffs on steel and aluminum imports — despite the objections of several members of his administration, Axios notes. Earlier this week, several prominent Republicans, including Sens. Mike Lee (Utah) and Pat Toomey (Pa.), warned Trump that imposing severe tariffs on such imports would damage American industry.

Explore More

Kelly O'Meara Morales is a staff writer at The Week. He graduated from Sarah Lawrence College and studied Middle Eastern history and nonfiction writing amongst other esoteric subjects. When not compulsively checking Twitter, he writes and records music, subsists on tacos, and watches basketball.