Steel and Aluminum Tariffs Proclamation 10044
💰 Economy · First Term (2017–2021) · 🤖 AI-categorized
On May 31, 2018, President Trump signed Proclamation 10044 imposing a 25% tariff on imported steel and a 10% tariff on imported aluminum, effective June 1, 2018. The tariffs applied to most countries and products, with some exemptions negotiated later. American consumers and manufacturers faced increased costs for steel and aluminum products, including automobiles, appliances, and construction materials.