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Trump plans to roll back tariffs on metal and aluminium goods

Financial Times
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⚡ Quantum Brief
Former U.S. President Donald Trump announced plans in February 2026 to eliminate tariffs on imported steel and aluminum, reversing a 2018 policy that imposed 25% and 10% duties, respectively. The proposed rollback targets trade tensions with key allies, including the EU and Canada, which retaliated with counter-tariffs on U.S. goods like bourbon and motorcycles. Industry analysts suggest the move aims to lower manufacturing costs for domestic automakers and construction sectors, which have faced higher material prices since the tariffs were introduced. Critics argue the reversal could weaken U.S. metal producers, who expanded capacity under tariff protections, while supporters claim it will reduce inflationary pressures on consumer goods. The plan requires congressional approval, with debates expected over its economic impact amid ongoing global supply chain adjustments and shifting trade dynamics.
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