Companies can no longer get exemptions from US steel and aluminum tariffs
What happened
The US Commerce Department removed the process for companies to get exemptions from steel and aluminum tariffs. It also created a new way to add more products to the tariff list. This means companies importing these metals will find it harder to avoid duties, and more products could become subject to tariffs.
Why it matters
For years, companies importing steel and aluminum could apply for specific product exemptions from US tariffs. This rule ends that process entirely. Now, the government can actively add more types of steel and aluminum to the tariff list, making it harder for importers to avoid duties.
The signal
Watch for the first few types of steel or aluminum the Commerce Department adds to the tariff list using this new process.