President Trump’s overhaul of Section 232 tariffs on steel, aluminum, and copper imports takes effect today, April 6, 2026. These rules apply to the policy changes first announced on April 2.
The new regulations shift duty calculations from metal-content value to the full customs value of imported goods. This change carries major cost implications for metal-intensive sectors like aerospace and defense.
Derivative products substantially made of the targeted metals face a 25% tariff on their total value. Goods manufactured almost entirely of steel, aluminum, or copper are subject to a 50% tariff.
The policy aims to prevent foreign producers from circumventing existing duties. Higher import prices will impact the entire supply chain for manufacturers tracked by the XAR ETF.