The U.S. has increased tariffs on most steel and aluminum imports from 25% to 50%, effective today, August 8, 2025. This regulatory change is part of a broader "Reciprocal Tariff Framework" initiated under a national emergency declared in April. The new duties apply to a wide range of steel and aluminum products. An exception is made for goods originating from the United Kingdom, which will maintain the 25% tariff rate under a standing agreement. These tariffs also apply to products admitted into a U.S. Foreign Trade Zone (FTZ) on or after June 4, requiring them to be entered under privileged foreign status. The new policy also imposes stricter reporting requirements for importers. For both steel and aluminum, companies must now separately declare the metal content from the rest of the product, with non-metal components potentially facing additional duties. Furthermore, duty drawbacks, which are refunds of duties paid, are no longer available for affected products. The U.S. Customs and Border Protection (CBP) has released updated Harmonized Tariff Schedule (HTS) codes for the impacted products and has emphasized that non-compliance with the new reporting standards could result in penalties.