US Steel and Aluminum Tariffs to Increase Import Costs by $100bn
TL;DR Summary
US import costs for steel and aluminium are expected to increase by over $100 billion due to Donald Trump's recent tariff hikes to 50%, significantly impacting global trade, raising prices, and affecting industries and exporters in Canada, Mexico, South Korea, and Europe.
- Donald Trump’s steel and aluminium tariffs expected to push up US import costs by $100bn Financial Times
- Business The Economist
- ADJUSTING IMPORTS OF ALUMINUM AND STEEL INTO THE UNITED STATES The White House (.gov)
- ‘We really don’t have too much wiggle room’: DC brewer on the potential impact of aluminum tariffs WTOP
- Trump's 50% steel and aluminum tariffs take effect today. Here's what could get more expensive. CBS News
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