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On February 11, 2025, President Donald Trump announced a 25% tariff on all steel and aluminum imports to the United States, which affects all trading partners without exemptions. According to a pool report, Trump claimed the move is part of his pledge to "make America rich again," despite most steel entering the U.S. coming from Canada, Brazil, and Mexico.
Although China, the world's largest steel producer, does not directly export large quantities to the U.S., its products often reach American markets through third-party countries or under different labels. This decision follows previous tariffs initiated during Trump's first term and continued by former President Joe Biden, which reshaped sourcing strategies among U.S. importers.
The tariffs are expected to raise production costs for various sectors, including automotive, consumer goods, and large-scale infrastructure, due to higher prices for imported and domestic steel and aluminum. The U.S. currently consumes tens of millions of tons of these metals annually, with domestic producers accounting for three times the import volume, giving them a competitive edge.