Trump expands 50% steel, aluminum tariffs
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The United States on Tuesday said it was hiking steel and aluminum tariffs on more than 400 products including wind turbines, mobile cranes,
Hundreds of products containing Canadian metals added to the American target list in a 'significant escalation' of Trump's tariff war.
4don MSN
Hundreds of items just got a lot more expensive to import into the US because of Trump’s tariffs
Hundreds of different goods just got a lot more expensive to import into the United States, now that President Donald Trump’s 50% tariff on steel and aluminum has kicked in.
There's growing concern about a move by the United States to make hundreds more product categories subject to the country's 50 per cent tariffs on steel and aluminum content.
Cleveland-Cliffs has signed rare multiyear fixed-price steel contracts with several U.S. automakers as the industry braces for higher costs.
South Korean excavator makers are expected to pay just 4% of each product price as an extra tariff cost, with steel content accounting for 11% to 12% of the total product price, the analysts said in a research note.
President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 types of consumer items that contain the metals, such as motorcycles and tableware.