The US Department of Commerce has expanded steel and aluminium tariffs to cover 407 additional products, including automotive exhaust system parts and electrical steel essential for electric vehicle (EV) production. The steep 50% duties on steel and aluminium content will take effect immediately, impacting over US$200bn in annual imports.
Subscribe to Automotive World to continue reading
Sign up now and gain unlimited access to our news, analysis, data, and research
Already a member?
