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Jun 1, 2026 Trump modified tariff regimes on aluminum, steel, and copper via proclamation Tier 1 · Primary Economic Structure
Unilateral executive tariff changes affect domestic industries and consumer prices while expanding presidential trade authority.
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- Trump proclamation modifies aluminum, steel, and copper tariff regimes under Section 232 — President Trump issued Proclamation 11032, modifying tariff regimes on aluminum, steel, and copper imports established under Section 232 of the Trade Expansion Act of 1962. The proclamation expands the 15 percent reduced-duty category to include agricultural equipment and residential HVAC systems; temporarily modifies tariffs on mobile industrial equipment; adds aluminum lithographic plates and steel racks to tariff coverage; and lowers the threshold for products to qualify as "entirely" American-made from 95 percent to 85 percent. Tariffs take effect June 8, 2026, with a sunset date of December 31, 2027, after which prior rates apply.
- President Trump issued proclamation modifying tariff regimes on aluminum, steel, and copper imports — President Trump issued a proclamation on June 1, 2026, modifying tariff regimes established under Section 232 of the Trade Expansion Act of 1962 for imports of aluminum, steel, and copper products. The proclamation expands the 15 percent reduced duty category to include agricultural equipment and residential HVAC systems; temporarily modifies tariffs on mobile industrial equipment; adds aluminum lithographic plates and steel racks to tariff coverage; and lowers the threshold for products to qualify as "entirely" American-made from 95 percent to 85 percent. The modifications take effect June 8, 2026, and remain in effect through December 31, 2027.
- President Trump signed proclamation adjusting tariffs on steel, aluminum, and copper imports — The White House issued a fact sheet announcing that President Trump signed a proclamation on June 1, 2026, adjusting tariffs on imported metals and related equipment. The proclamation reduces tariffs on agricultural equipment from 25% to 15%, expands industrial equipment categories subject to 15% tariffs, and offers a 10% duty rate for foreign companies using at least 85% U.S.-melted or -smelted steel and aluminum. The changes are temporary, expiring December 31, 2027. The fact sheet claims the tariffs have spurred domestic steel production, positioning the U.S. as the third-largest steel producer in 2025, and states that over 4 million tons of new steelmaking capacity is expected within two years.
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Week 72 – 2026-05-30–2026-06-05
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