Trump Cuts Steel Tariffs To 25%
A June proclamation halved the general steel and aluminum tariff rate to 25% from 50%, with lower rates for some allies and a 10% rate for mostly U.S.-origin metal, the Federal Register shows.
Nathan BrooksBusiness News
Business News connects federal action to commercial consequence: tariffs, tax provisions, subsidies, antitrust enforcement, labor rules and compliance costs. Coverage identifies affected industries, the dollar figures involved and the implementation timetable. Aimed at executives, investors, compliance staff and workers in sectors exposed to policy change.
How a product gets added to steel tariffs
A little-known Commerce Department process lets companies petition to tax specific imports three times a year, without a new presidential proclamation.
Nathan BrooksU.S. Department of the Treasury Releases Proposed Rules for Corporate Alternative Minimum Tax to Address Significant Corporate Tax Avoidance By Companies with $1 Billion Or More In Annual Profit
September 12 , 2024 Minimum tax estimated to generate more than $ 250 billion from the most profitable companies over next 10 years and $ 20 billion in 2025 ; 60 % of corporations that pay the tax would otherwise have an effective federal tax rate of 1 % or
Nathan Brooks