U.S. scales back steel tariffs after industry pushback

The policy reversal follows a broader shift in Washington, with the administration already clearing $35.5 billion in tariff refunds for importers.

By Handelsavisen Newsroom · Automated 2026-06-25 11:19 UTC · 1 min read

The U.S. government has watered down steel tariffs in response to intense backlash from domestic industry groups.

The adjustment marks a notable pivot in trade policy, signaling that the administration is recalibrating its approach to protect domestic manufacturers from the cost pressures of previous levies.

5 billion in tariff refunds for importers, aiming to mitigate the economic impact of earlier trade tensions.

This development aligns with a wider trend of tariff relief emerging from Washington.

The Trump administration has already begun disbursing refunds for tariffs imposed on imported goods, a move that underscores a tangible shift in U.S. trade strategy.

According to Bloomberg, the government has cleared $35.5 billion in tariff refunds for importers, aiming to mitigate the economic impact of earlier trade tensions.

For markets, the scaling back of steel tariffs reduces input cost risks for sectors heavily reliant on metal, including construction, automotive, and industrial manufacturing.