US President Donald Trump is considering lifting or reducing certain tariffs on steel and aluminum products, according to a report by the British Financial Times. The move reflects concerns that widespread levies on steel and aluminum and related products are contributing to higher prices for everyday goods.
The tariffs, which were expanded in 2025 with rates of up to 50 percent on steel and aluminum imports and related products, have faced growing criticism from consumers, businesses, and some lawmakers in the United States for increasing spending on goods such as pie cans, food and beverage cans, and other household items. It is believed that this shift in political thinking is partly motivated by growing pressures on the cost of living of American households, which could become an important issue ahead of the elections scheduled for November 3, 2026.
The administration is reviewing the list of products and exclusions
The Trump administration is reportedly reviewing affected product lists with a view to exempting certain items from fees, ending further tariff expansion, and shifting the focus towards more limited national security investigations into for specific products, not general tariffs. This would simplify enforcement and could ease the burden on companies struggling with the complexity and burden of complying with current fees.
At the moment, the White House has not released an official public statement confirming the planned tariff.
