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VIKRAM VARAL
EXIM TRADE IN COMMOD... • 22d
🇺🇸 Trump’s 50% Tariffs on #Steel and #Aluminum Now in Effect 🔧 Key Changes Tariff Increase: Import tariffs on steel and aluminum (except from the U.K.) have doubled from 25% to 50%. U.K. Exempted: Due to an in-progress trade agreement, the U.K. remains under the 25% tariff for now. 📉 Economic Impact Rising Costs: Higher metal prices impact cars, appliances, construction materials, and infrastructure. Price Gap: U.S. steel already \~40% costlier than Europe, 150% more than China. Inflation Ripple Effect: Increases expected across the manufacturing and consumer supply chain. 🏭 Industry Reactions Aluminum Association: Supports domestic focus but warns that tariffs alone won’t solve structural issues. Steelworkers Union: Supports the move as a partial solution, calls for allied cooperation and broader reform. American Primary Aluminum Association: Fully endorses the decision, calling Trump a "strong leader on trade."
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