Proclamation 10414: Adjusting Imports of Steel Into the United States
On August 28, 2020, President Trump signed Proclamation 10414, which modified tariffs on steel imports by adjusting Section 232 tariff rates and exemptions. The proclamation reduced the tariff rate on certain steel products from 25% to 0% for countries meeting specified criteria, while maintaining or adjusting rates for others. The action directly affected steel prices for American manufacturers, construction companies, and automotive producers who import or use steel in production.