US to set 25% tariff on finished steel, aluminum goods, WSJ says

The Trump administration is preparing to set a tariff rate of 25% on finished products made with imported steel and aluminum, according to the Wall Street Journal, an effort to streamline levies on metals and make it easier for companies to navigate President Donald Trump’s import taxes.

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.