Lates News

On August 19, local time, the U.S. Department of Commerce announced that 407 product categories will be included in the list of steel and aluminum tariffs, with a tariff rate of 50%. The Department of Commerce stated that the new list covers a wide range of products, including wind turbines and their components, mobile cranes, railway vehicles, furniture, compressors and pumps, and hundreds of other products. The Trump administration has repeatedly emphasized the need to expand the scope of steel and aluminum tariffs to protect domestic manufacturing and curb import dependence.