President Donald Trump’s plan to levy 25% tariffs on all steel imports into the United States will reset the punitive rate enforced by Section 232 legislation in 2018, the Speaking of Steel podcast has heard.  

An executive order signed by the President on February 10 set out plans to impose the tariff from March 12. This will effectively remove Section 232 exemptions for key trading partners Canada and Mexico, along with the tariff rate quotas (TRQs) of key trading partners such as the European Union, United Kingdom and Japan. 

MEPS International’s steel market analysts Laura Hodges and Jon Carruthers-Green joined managing editor Tom Sharpe to debate the implication of the measures.