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Steel and Aluminum Hit With New Tariffs
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Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in.
Butter knives, baby strollers, spray deodorants and fire extinguishers, considered “derivative” steel and aluminum products, were previously excluded from the 50% tariff, though they were still subject to the higher country-specific tariffs Trump enacted over the last several months.
However, on Friday, US Customs and Border Protection and a division of the US Commerce Department published notices informing US importers that 407 categories of goods containing steel and aluminum would immediately be subject to the 50% tariffs at 12:01 a.m. ET on Monday. The non-steel and non-aluminum components of the products face other applicable levies.
CNN's Matt Egan reports. #cnn #News