The Trump administration is reportedly gearing up to bring in a new rule on imports, this time focusing on products made using steel and aluminium. According to a report by The Wall Street Journal, the US could soon set a 25% tariff on finished goods that contain imported steel and aluminium. The move may be announced as early as this week, people familiar with the plan said. Donald Trump plans new 25% tariff on steel, aluminium goods As of now, companies have to deal with a more complicated system. There is a 50% tariff, but it is applied only to the value of the steel and aluminium used inside a product. According to WSJ, a new plan aims to simplify things. Instead of calculating how much metal is used in each item, a flat 25% tariff would apply to finished products that include steel and aluminium. However, there is a catch. Products made almost entirely of steel and aluminium would still face the higher 50% tariff.