Cross Border Trade Updates
June 10, 2025
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- U.S. Section 232 tariffs on Steel and Aluminum
- On 3 June, an Executive Order (EO) was published by the White House. The EO includes several changes from the original April EO:
- As of 4 June, Section 232 tariffs on the non-U.S. steel and aluminum content of certain products and derivatives have increased from 25% to 50%. Reciprocal tariffs and “other applicable tariffs” now also apply on the non-steel and non-aluminum content of products subject to Section 232 tariffs. The 50% Section 232 tariffs now take precedence over the 25% IEEPA Canada/Mexico tariffs for imports from Canada and Mexico. No matter whether the product is USMCA-compliant, it is subject to the 50% Section 232 tariff on non-US steel/aluminum content and will not be subject to the 25% IEEPA Canada/Mexico tariff.
- For imports from the UK, the additional tariff rate remains at 25% with potential changes, such as an implementation of a quota on 9 July, based on the status of the U.S.-UK Economic Prosperity Deal.
- Any steel and aluminum derivative that was melted and poured in the United States from any country, including the United Kingdom, a 0% duty applies.
- On 3 June, Mexico said it would ask the Trump Administration to be exempted from the increase citing the Section 232 tariffs at 50% are “not fair” and are “unsustainable”. Mexico is considering countermeasures in retaliation.
- Legal Actions Against President Trump’s Tariffs
- On 5 June, the Justice Department is pushing a federal appeals court not to expedite California’s challenge to International Economic Emergency Powers Act tariffs, saying the state’s insistence on keeping its case separate out of the Court of International Trade means any delay it now faces is “self-inflicted”.
- Foreign Steel Diverted from the United States is Flooding the EU
- On 4 June, the EU steel sector warned of overcapacity flooding the EU market after President Trump doubled U.S. tariffs on the sector to 50%. The steel sector has been struggling with overcapacity imports into the EU market from China and multiple countries. The steel industry has called for Brussels to take immediate measures as the import surge is expected to suppress prices in the EU.
- China and Canada to Improve Bilateral Ties
- Actions at the World Trade Organization (WTO)
- U.S. Tariff Negotiations
- On 2 June, the Trump Administration asked countries to provide their best offer on by 4 June, but continues to limit information on which countries negotiations are ongoing. Please see below for the latest as reported by the press on trade negotiations between the United States and other countries seeking to reduce or avoid higher reciprocal tariffs on their goods.
- China: On 9 June, top U.S. and Chinese officials met in London for talks aimed at defusing the high-stakes trade dispute that has widened in recent weeks beyond tit-for-tat tariffs to export controls over goods critical to supply chains.
- Japan: On 6 June, Japan said that they made some progress in a fifth round of trade talks with U.S. officials aimed at ending tariffs that are hurting Japan's economy.
- India: On 6 June, trade talks between Indian and U.S. officials have been extended into this week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalize an interim deal before a July 9 deadline.
- Canada: On 5 June, President Trump and Canadian Prime Minister Mark Carney have been in direct contact trying to reach a trade deal with more work to be done on both sides.
- Germany: On 5 June, U.S. President Donald Trump met with German Chancellor Friedrich Merz at the White House to discuss trade in addition to Ukraine and other issues.
- Vietnam: On 5 June, the United States and Vietnam will hold a new round of trade talks, after Hanoi submitted a response to U.S. trade requests.
- Mexico: On 4 June, Mexico said they would announce countermeasures this week if there is no agreement reached with the United States on steel and aluminum tariffs announced.
- UK: On 4 June, British Prime Minister Keir Starmer said he was confident that tariffs on U.S. imports of British steel would be reduced to zero within a "couple of weeks", avoiding a July deadline which could see the levies jump to 50%.
- EU: On 4 June, on the sidelines of the OECD trade ministerial, USTR Ambassador Greer met with European Trade Commissioner Maroš Šefčovič to discuss ongoing trade negotiations between the United States and the European Union.
