An employee is held in a high stove. US President Donald Trump said on Sunday that he would impose new prices for steel and aluminum imports.
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US President Donald Trump signed an order on a 25%tariffs on Monday, targeting imports of steel and aluminum.
The two metals are vital components in various industries, including transport, construction and packaging. The samples will take effect on March 4.
Trump had declared on Sunday that he planned to impose these prices, which had stimulated a gathering in actions of steel producers on Monday, in particular Cleveland-cliffs,, Nucor and American steel.
Here is an overview of the greatest potential winners and losing under 25% prices on steel and aluminum.
The United States
Unsurprisingly, the largest winner of commercial prices is probably the United States
American steel imports have decreased considerably over the past decade, Official data showBased by 35% between 2014 and 2024 – despite an annual increase of 2.5% to 26.2 million tonnes last year. Many attribute this to the prices introduced under the first administration of Trump.
However, American aluminum imports have increased by 14% over the past decade, American exports of the mounting of metal gradually increasing since 2020.
James Campbell, analyst at Commmodity Pricing Consultcy Cru, James Campbell, on Monday, told CNBC that he expected the potential rates to have variable effects on the United States over time.
“At first, it could damage the request,” he said. “In the longer term, we can see the investments pass.”
Since Trump’s first wave of prices in 2018, Campbell de Cru has said that the United States had seen the investment increase in the steel and aluminum sectors.
During his first presidency, Trump slapped prices on imports of steel and aluminum from Canada, Mexico and the European Union. Its administration has also set volume limits on imports from various other nations, including South Korea, Argentina and Australia.
A later report by the Congressional Research Service revealed that during the first five months of the policy, the Trump administration has collected more than $ 1.4 billion in revenues.
In 2024, the United States imported steel from 79 countries and aluminum from 89 countries. These imports had a total combined value of just over $ 49 billion, according to government data.
Canada and Mexico
The two countries are among the largest exporters of steel and aluminum in the United States, so are likely to be injured by the prices if they come into force – even after Get a temporary respite from general tasks on all their exports to America.
Germany
Germany is also a large steel exporter in the United States and should be negatively affected by prices.
However, ThyssenkruppOne of the largest acidulors in Europe, he expected “a very limited impact” on its activities on Monday if the United States prefer additional prices on steel and aluminum.
The German company said that Europe remains its main market for steel with only “high quality” niche products exported to the United States where it maintains a “good market position”.
“The majority of Thyssenkrupp sales in the United States come from commercial activity and automotive supply activity,” said a spokesperson by e-mail. “In principle, Thyssenkrupp is well positioned in these companies in the United States with a large part of local manufacturing for the local market. A large part of production for American customers takes place in the United States.”
Asian exporters
South Korea, Vietnam and Japan are also among the countries likely to see their metals hit with new import rates if Trump goes ahead with politics.
Vietnam imports increased by more than 140% compared to the previous year, according to CNBC analysis of American commercial data. Taiwan also exported 75% more steel to the United States in 2024 compared to the previous year.
