US White House announces increase in tariffs on imported steel and aluminum to 50%

US President Donald Trump announced an increase in tariffs on imports of steel and aluminum and their derivatives from 25 percent to 50 percent, which is effective from 00:01 a.m. EST on June 4, 2025, the US White House said in a statement on June 3, local time. U.S. tariffs on steel and aluminum imports from the United Kingdom will remain at 25 percent, the statement said. Beginning July 9, 2025, the U.S. may adjust the applicable tariff rates and establish import quotas for steel and aluminum in accordance with the terms of the Environmental Policy Statement. If the UK is found to be in non-compliance with the relevant provisions of the Environmental Policy Statement, the applicable tariff rate may be increased to 50%. On May 30, local time, President Trump said at a rally in Pennsylvania that he would raise tariffs on imported steel from 25 percent to 50 percent. Later, Trump posted on social media platforms that the decision was effective from June 4.