White House official: US President Trump instructs customs officials to strengthen supervision of misclassification of steel and aluminum products

White House officials said aluminum tariffs will be raised to 25% from 10%. A 25% tariff will be restored on steel imports from all countries. The action will expand the scope of tariffs to include key downstream products. U.S. President Trump instructed customs officials to increase supervision of misclassification of steel and aluminum products. U.S. President Trump signed two proclamations continuing the original content of the 2018 Section 232 investigation. Trump ended the product exclusion process. Capacity utilization in the steel industry has fallen from a target of 80% to nearly 70%.