Trump Revamps Tariffs on Steel, Aluminum, and Copper

WASHINGTON—President Donald Trump signed an executive order on Thursday to simplify calculations for steel, aluminum, and copper tariffs and to mitigate efforts to avoid import taxes. The new order defines how the value of metals is assessed, imposing 50 percent levies on the U.S. price of goods sold for raw material and 25 percent on products containing at least 15 percent of affected metals. Stricter guidelines were needed because some wholesalers and exporters were artificially lowering the stated value of goods to reduce tariff liability, administration officials told reporters during a background call on April 2. “So it’s now going to be proper and fair,” the official said....