Key Takeaways

• A February ruling from the nation’s highest court wiped out one of the largest sets of duties imposed in 2025, but it left the protections that matter most to domestic mills fully intact, and the administration moved within hours to fill the gap with a different legal vehicle that carries its own expiration clock.
• The April overhaul of Section 232 metal duties replaced a content-based valuation system with a four-annex tiered structure assessed on full customs value, redistributing 1,055 products across new categories at rates ranging from zero to 50 percent, with reduced rates for certain origins.
• A growing patchwork of country-specific framework agreements now layers tariffs in the 10 to 20 percent range on top of the global baseline, while a pipeline of open Section 232 and Section 301 investigations signals where the next round of sector duties may land.

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