Steel and Aluminum Tariffs 

While most of the current tariffs conversation is about tariffs on goods from China, Trump in 2018 also imposed tariffs of 25 percent on steel and 10 percent on aluminum from a wide variety of countries under Section 232 of the Trade Expansion Act of 1962, which allows tariffs based on national security issues.

NRF called the steel an aluminum tariffs a “self-inflicted wound on the nation’s economy” and said they would drive up prices for U.S. consumers on metal-dependent products from canned goods to automobiles. NRF has endorsed legislation that would require congressional approval of Section 232 tariffs, urging Congress to “play a leading role in mitigating escalating trade tensions with our strongest allies.” 

In September 2018, NRF was one of the sponsors of a "Trade Builds America" event in Washington where small businesses outlined concerns with the steel/aluminum and other tariffs. Lincoln, Neb., appliance dealer Ron Romero spoke on behalf of NRF, saying the tariffs had already driven up the price of refrigerators as much as 12 percent, prompting customers to choose lower-cost models or skip purchases altogether.

Learn more about global trade

The Impact of Tariffs on Small Business
 
Hear stories from small retailers across the country.
Read more
End the trade war
 
aerial view of a port tracker
The trade war with China threatens U.S. jobs and raises prices on American families.
Read more
Global Trade
 
U.S. companies need modern trade policy in order to become more competitive and grow.
Read more