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Trump to Revise Tariffs: 50% on Commodities, New Rates Soon

4/2/2026

Summary

Story summary

U.S. President Donald Trump plans to revise tariffs, keeping 50% on commodity imports and setting derivative duties at 15% or 25%.
The move aims to simplify tariff regime after last year's Section 232 increases.
Lower rates will apply to the total value of imported derivative products, easing compliance for importers.
A proclamation from Trump is expected soon detailing revised rates and listings, possibly including steelmaking equipment for Germany and Italy.

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Story summary

U.S. President Donald Trump plans to revise tariffs, keeping 50% on commodity imports and setting derivative duties at 15% or 25%.
The move aims to simplify tariff regime after last year's Section 232 increases.
Lower rates will apply to the total value of imported derivative products, easing compliance for importers.
A proclamation from Trump is expected soon detailing revised rates and listings, possibly including steelmaking equipment for Germany and Italy.