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Trump administration may adjust steel and aluminum tariffs, says Greer

Investing.com •
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US Trade Representative Jamieson Greer indicated Tuesday the Trump administration is open to modifying its tariffs on steel and aluminum imports, aiming to reduce the administrative burden on businesses.

Greer acknowledged companies face significant compliance costs under the broad duties, which currently cover not only raw metals but also numerous downstream products. The 50% tariff imposed last year to target Chinese overcapacity has drawn criticism from trading partners like the EU, which has requested modifications as part of ongoing negotiations. While adjustments are being explored to narrow the scope, Greer emphasized the core metals tariffs would remain, describing them as "very successful" in strengthening domestic industry.

The potential changes come amid mounting pressure from business groups and international partners, though specific details and timing remain unclear. The move signals a possible recalibration of trade policy, balancing protection for domestic producers with the need to ease compliance for companies reliant on these materials.