Thanks for reading the Ram Alloys Monthly Tariff, Nickel, and 316L s/c update, intended to help our valued customers make educated business decisions.

THE NEW CANADIAN RETALIATORY TARIFFS

• NEW: US-Canadian Trade Dispute
• Canada imposes $20 billion in retaliatory tariffs on U.S goods as trade talks stall went into effect on September 8th, 2026, following the breakdown of trade negotiations with the U.S.
• Ranging from 15% to 50%, matching U.S. rates on specifics sectors. Steel, aluminum, iron products, furniture, and clothing face the highest 50% rate.
• Something to note, this only affects U.S exports to Canada, nothing has changed on our side regarding steel tariffs.
• Further Retaliation: In response to Canada's counter-tariffs, the U.S announced expanded import bans targeting Canadian goods (alcohol, dairy, motorcycles).

THE ACTIVE REMAINING (2) TRUMP TARIFFS

• Steel War: INCREASED TO 50% Section 232 Tariff on all COPPER, Steel and Aluminum
• Validity NOT subject to upcoming Supreme Court Ruling
• Began March 12th - Original Tariff = 25%
• Quotas Eliminated. Exemption Process Terminated
• Excluded and separate from SUPREME COURT Trade War Reciprocal Tariffs
• June 4th: Tariff Rate Raised to 50%
• Except for UK - remains 25% while they negotiate (still negotiating)
• Tariffs for "derivatives" of steel and aluminum remain difficult to analyze, as either reciprocal or Section 232 tariffs apply, but the method for applying either is unclear
• August 1, 2025: Copper added to the 50% Section 232 tariffs, along with steel and aluminum
• Forced Labor Tariffs - Section 301
• Replaced Section 122 Tariffs
• President Trump’s Office of the U.S. Trade Representative enacted new tariffs ranging from 10 to 12.5% on 80 countries and the European Union based on an investigation into forced labor under Section 301 of the Trade Act of 1974.  
• The new measures are framed as a response to uneven enforcement of forced labor import bans, with the administration arguing that inconsistent enforcement allows low-cost goods made with forced labor to undercut U.S. workers.
• Currently being sued by 25 States for its validity.
• Notable Countries with Tariff Changes:
• 10% Tariff - European Union, India, Mexico, Taiwan , United Kingdom, etc.
• 12.5% Tariff - Japan, South Korea, Switzerland

THE THREATENED TRUMP TARIFFS 

• BRICS Tariff (threatened)
• President Trump's has been quiet on this front for some time, but the original 100% threat may be resurrected after losing the SCOTUS battle
• Meaning, application, interpretation, impact, etc.
• BRICS of course stands for: Brazil, Russia, India, China, and South Africa
• Other members include Saudi Arabia, Egypt, Iran, Ethiopia, the United Arab Emirates, and Indonesia
• BRICS Partner Countries: Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Thailand, Uganda, Uzbekistan, and Vietnam
• Reciprocal Digital Tax Tariffs (threatened)
• President Trump is threatening to impose a 100% tariff on countries that levy a tax on U.S. companies offering digital services.
•  A new U.S. tariff on other nations' imports would override any trade agreements with a trading partner, Mr. Trump noted, adding that the 100% import duty would be imposed immediately if a country proceeds with a digital services tax.
• European Union and the U.S. to finalize a trade deal that caps tariffs on most EU exports at 15%, DOES NOT include Digital Taxes, still at a deadlock.

THE EXPIRED OR OVERRULED TRUMP TARIFFS

• Drug War Tariffs
• Reciprocal Tariffs
• Section 122 Tariffs

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