The primary objective of the administration behind these changes is to curb the tendency to understate import values. According to a senior official, many importers used to declare the value of goods as lower than their actual worth in order to pay reduced duties.
विदेशी दवाओं पर 100%, स्टील-एल्यूमीनियम पर 50, ईरान युद्ध के बीच डोनाल्ड ट्रंप ने फिर फोड़ा टैरिफ बम
Amidst the ongoing conflict with Iran, U.S. President Donald Trump announced new import tariff regulations on Thursday—covering steel, aluminum, copper, and pharmaceuticals imported from abroad—further tightening his “America First” economic policy. The objective of these changes is to bring greater clarity to the import regime and to increase pressure on foreign pharmaceutical companies and metal exporters to establish their manufacturing facilities within the United States.
Under Section 232 of the Trade Act of 1974, the Trump administration has maintained the 50% tariff on imports of steel, aluminum, and copper; however, a significant change has been introduced regarding the method of calculating this tariff. Moving forward, this duty will not be levied solely based on the volume of the metal, but rather on the total value that American buyers actually pay.
The government has also adopted a stricter stance within the pharmaceutical manufacturing sector. Certain specific imported drugs may now be subject to tariffs of up to 100%. This regulation will apply to proprietary drugs manufactured in countries that do not have a tariff agreement in place with the United States. These rules will take effect within 120 days for large-scale pharmaceutical manufacturers, while smaller manufacturers have been granted a grace period of 180 days. This measure is expected to disproportionately affect companies that have not entered into specific pricing agreements with the U.S.
The administration’s primary objective behind these changes is to curb the practice of understating import values. According to a senior official, many importers previously declared the value of goods to be lower than their actual worth in order to pay reduced tariffs. These new regulations are viewed as a step toward eliminating this issue.
Furthermore, the previously applicable 50% tariff has been completely eliminated for products containing less than 15% metal content. Conversely, for heavy appliances and products with a metal content exceeding 15%—such as washing machines and gas stoves—a uniform tariff rate of 25% will now be applied based on the total value of the finished product, rather than solely on the volume of the metal content. Products manufactured abroad—yet composed entirely of American steel or copper—will be subject to a reduced tariff of only 10%.
Additionally, tariffs on power supply systems and industrial equipment have been lowered from 50% to 15% in order to accelerate infrastructure development projects within the country.
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