Trump plans to reduce steel and aluminum tariffs according to Financial Times

According to a Financial Times report published on February 13, U.S. President Donald Trump is planning to lower certain tariffs on steel and aluminum imports. This decision follows a period where tariffs of up to 50% were imposed on these materials during the previous year. The administration is reportedly considering a more targeted approach, focusing on specific national security investigations rather than broad tariff expansions. This shift comes amid increasing criticism regarding the economic impact on American consumers and businesses. A recent study by the Federal Reserve Bank of New York indicated that domestic entities paid nearly 90% of the tariff costs in 2025. While Trump has argued that tariff revenues help reduce national debt, his administration has recently withdrawn several strict measures. The move is also viewed in the context of ongoing efforts to reach a trade truce with China. These changes mark a notable adjustment to the trade policies established during the previous administration.