The U.S. government announced two key developments in its tariff and trade agenda during the past week. First, on August 19, 2025, the U.S. Department of Commerce announced that more than 400 additional steel and aluminum derivative products will be subject to the Trump administration’s existing 50% tariff on steel and aluminum imports. Second, on August 21, 2025, the United States and European Union released a joint statement outlining the details of their trade framework.
View other S&C insights relating to the Trump administration’s recent tariffs and trade measures.