Trump administration introduces shift to full-value tariffs on derivative imports

The Trump administration has implemented changes to its steel and aluminum tariff framework that alter how duties are applied to imported manufactured goods, according to an April 2 presidential proclamation.

The move follows earlier reporting by the Wall Street Journal and Bloomberg, which indicated the administration was weighing a shift away from assessing tariffs based only on the metal content of a product and toward applying duties to the full value of finished goods that contain steel and aluminum.