The United States extended the scope of its Steel and aluminum tariffsthe Department of Commerce reported on Tuesday, in a decision that impacts hundreds of products containing these materials, such as Baby chairs either Heavy machinery.
The Industry and Security Office reported In a note that added 407 types of goods to the lists of articles considered “derived products” of steel and aluminum.
The measure means that 50% of tariffs weighing on these two materials, imposed by the president Donald Trump Earlier this year, it will apply to its steel and aluminum content.
The measure entered into force on Monday, and the notification detailing the changes was published in the Federal Registry on Tuesday.
“Today’s action covers wind turbines and its parts and components; mobile cranes, bulldozers and other heavy machinery; Wagons, furniture, Compressors and bombsand hundreds of more products, “said the Department of Commerce on Tuesday.
The measure “closes ways for the evasion” of tariffs, said Jeffrey Kessler, Undersecretary of Commerce for Industry and Security, by reiterating the objective of promoting the United States steel and aluminum industries.
Since his return to the presidency, Trump has imposed a 10% tariff to almost all business partners in the United States, as well as target tariffs to dozens of economies such as the European Union and Japan.
In the case of steel and aluminum, Trump initially determined a 25% tariff before Duplicate to 50% In June.
Although so far the Impact of Trump’s tariffs Regarding consumer prices has been limited, economists have warned that the complete effects are yet to be seen.
For now, some companies have faced the situation advancing the purchase of products that foresaw that they would be subject to tariffs. Others have transferred additional costs to their consumers or have absorbed part of the new tariff load.
But analysts have pointed out that it is unlikely that importers and retailers are able to endure those costs indefinitely, and that consumers prices are eventually increased.
Some economists argue that the inflationary impact will be punctual, but others are more cautious and fear more persistent effects.
