U.S. Commerce Secretary Lutnick Exempts Crude Steel from Tariffs, Targets Finished Products

Market Watcher
16 Jul

During remarks in Pittsburgh, Pennsylvania, U.S. Commerce Secretary Howard Lutnick clarified America's steel tariff policy: crude steel imports will remain untaxed while finished steel products face new levies. Lutnick emphasized that maintaining domestic steel manufacturing capabilities constitutes a national security imperative, framing the selective taxation as vital for protecting critical industrial infrastructure. The policy differentiation aims to shield primary metal producers while addressing competitive pressures in value-added steel markets.

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