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U.S. Expands 50% Metal Tariffs to 407 Product Types as EU Deal Caps Many Rates at 15%

A new U.S.–EU framework caps many European goods at 15%, leaving the broader derivative‑product expansion in place.

A drone view shows an employee working on the production line of aluminium products at a factory in Huaibei, Anhui province, China February 11, 2025. China Daily via REUTERS/File Photo
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Cars loaded onto a carrier ship in Germany for export. The lower tariffs on US imports from the EU won't go into effect as early as previously believed, the two trading partners revealed Thursday.

Overview

  • The Commerce Department’s BIS added 407 HTS product categories to the ‘derivative’ list, imposing a 50% duty on the steel and aluminum content of items ranging from wind turbines and railcars to appliances, furniture and compressors, effective immediately.
  • The new list is published only by 10‑digit customs codes, complicating compliance for importers and expanding coverage that analysts say now reaches roughly $200 billion to at least $320 billion in annual imports.
  • Automotive exhaust parts and electrical steel used in EVs are included, drawing objections from foreign automakers and Tesla over limited U.S. capacity, while steelmakers such as Cleveland-Cliffs and Nucor had pushed for broader coverage.
  • Treasury Secretary Scott Bessent said tariff revenue projections will be revised up substantially from a prior $300 billion estimate, describing the receipts as a tool to reduce deficits and start paying down federal debt.
  • A separate U.S.–EU statement details a 15% cap on many EU-targeted tariffs, MFN-only rates on aircraft and generic pharmaceuticals starting Sept. 1, and conditional relief from the 27.5% U.S. auto tariff once the EU introduces legislation to lower its industrial duties.