Trump planning to roll back some tariffs on steel, aluminium - report
By Michele Maatouk
Date: Friday 13 Feb 2026
(Sharecast News) - US President Donald Trump is reportedly planning to roll back some tariffs on steel and aluminium products.
Trump hit steel and aluminium imports with tariffs of up to 50% last summer and has expanded the taxes to a range of goods made from those metals including washing machines and ovens.
But according to the Financial Times, citing three people familiar with the matter, his administration is now reviewing the list of products affected by the levies and plans to exempt some items, halt the expansion of the lists and instead launch more targeted national security probes into specific goods.
Sources told the FT that trade officials in the commerce department and US trade representative's office believed the tariffs were hurting consumers by raising prices for goods such as pie tins and food and drink cans.
Countries including the UK, Mexico and Canada as well as EU members could stand to benefit from any easing of the US's tariffs on goods made of steel and aluminium.
Special promo:
Trading the Forex Market? Visit FXmania.com to get advanced infomation about currencies and the Foreign Exchange
Market.
Email this article to a friend
or share it with one of these popular networks:
You are here: news
10 Lower Thames St,
London EC3R 6EN