Trump wants to cancel steel tariffs and

According to a Financial Times report, Donald Trump plans to eliminate import tariffs on certain categories of steel and aluminum products, citing 'informed sources.' The administration is currently reviewing the list of goods subject to these tariffs and intends to exclude several items. Since the summer of 2025, the U.S. has raised import tariffs on steel and aluminum to 50% and extended them to a wide range of aluminum-containing products, but U.S. authorities now aim to halt further expansion of the list and shift toward more targeted measures. Sources say representatives from the U.S. Department of Commerce and the Office of the U.S. Trade Representative acknowledge that the imposed tariffs negatively affect American consumers, contributing to price increases not only in metals but also in food and beverages packaged in aluminum containers.

Context

In July 2025, the U.S. raised import tariffs on steel and aluminum to 50%, leading to higher prices for many consumer goods.