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.

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Kelly O'Meara Morales

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.