Trump Considers Lifting Some Steel and Aluminum Tariffs Amid Rising Living Costs (USD)

The White House is evaluating a proposal to lift portions of its current 50% steel and aluminum tariffs to ease rising living costs and pressure on consumer and business spending.知情人士 said the administration is reviewing product lists and considering exemptions for certain items. Alternatives under consideration include pausing the expansion of the tariff schedule and subjecting specific products to national security reviews. In reaction, LME aluminum prices fell to $3,058.50 per ton, a 1.3% decline. The tariffs, seen as a hidden tax passing costs to manufacturers and households, are expected to burden about 90% of the economic impact in 2025, according to a New York Fed survey, with enterprises and consumers bearing the brunt. While Trump has previously argued tariffs help curb the national debt and plan to issue checks worth at least $2,000 per household, recent moves suggest a shift away from the earlier strict measures and toward a trade reset with China.