The Trump administration is considering easing some tariffs on steel- and aluminium-linked goods, signalling a potential shift in a policy that has raised input costs across manufacturing and consumer packaging.

Officials are reviewing the list of affected products, with a plan to exempt certain items and pause further expansion of the tariff coverage. Instead of broad, sweeping duties, the approach could move toward narrower national-security reviews focused on specific categories.

The possible rollback comes after tariffs on steel and aluminium imports were ramped up in 2025—reaching as high as 50% on some goods and extending into downstream products that use metal content. If exemptions are approved, manufacturers that rely on imported inputs—such as packaging, appliances, and industrial components—could see some cost relief, potentially easing pressure on end prices.

For the metals market, any change in tariff scope will be closely watched for its impact on trade flows, domestic pricing, and procurement strategies. Details are still evolving, and the final outcome will depend on which products are removed from the tariff net and how quickly the new framework is implemented.

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