- The White House has announced 25% of prices on all imports of steel and aluminum.
- The United States is the best steel importer in the world, which is mainly purchased in Canada, Mexico and Brazil.
- Higher prices can increase American inflation, affecting industries that depend on these metals.
President Donald Trump ordered 25% prices on all imports of steel and aluminum on Monday, increasing his commercial movements against some of the country’s closest allies.
“Any steel entering the United States will have a 25%price,” said Trump on Sunday on the Air Force One on the way to the Super Bowl. At the time, he did not provide more details.
Trump told journalists on Monday that he would announce “reciprocal prices”, probably Tuesday or Wednesday, on countries that have placed prices on American products.
“If they charge us 130% and we do not charge them anything, that will not remain so,” said Trump.
Steel and aluminum were among the first products that Trump targeted during his first mandate. He imposed prices of 25% on steel and 10% on aluminum, but then granted exemptions in franchise on trade partners, including Canada, Mexico and Brazil.
Since companies tend to pass the higher price of prices to their customers, this decision could increase construction prices, cars and travel.
The United States is the best importer of steel in the world, which is used in a wide range of industries, from construction to automobile manufacturing.
Canada, Mexico and Brazil have been the largest American and iron suppliers last year by Dollar Value, according to data from the census office.
Canada and Mexico were also among the main countries for aluminum and bauxite imports. The United Arab Emirates ranked No. 2, based on the 2024 census office data by dollar value. Aluminum is used for aircraft construction, consumer products such as cans and construction, among other industries.
Shortly after taking up his duties, Trump imposed a 25% price On most goods from Canada and Mexico. He then announced that these prices would be delayed 30 days after concluding an agreement with the two countries to strengthen border security.
Trump also placed a 10% rate on imports from China, and China quickly announced reprisals on coal, crude oil, agricultural machines and certain vehicles. The prices announced Monday in addition to the 10% prices on other goods, Bloomberg reported.
Charles Johnson, President of the US Aluminum Association, said in a statement on February 1: “To ensure that American aluminum wins the future, President Trump should exempt the supply of aluminum metals necessary to American manufacturers , while continuing to take all possible measures at the American border against Chinese aluminum negotiated unjustly. “
There are fears that higher American prices on imports of key business partners can increase inflation in the United States – at least in the short term.
“The construction and rise of new foundries / factories can take three years or more,” said Morgan Stanley, Carlos de Alba and Justin Ferrer analysts in a January 29 report. “Consequently, all import prices applied to metals or extracted products probably cause higher interior prices for local buyers of these materials.”
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