🚨 TARRIF WARS ARE BACK AGAIN.
The US is about to tax every finished product containing steel or aluminum on its full price, not just the metal inside it.
The US imported over $49 billion worth of steel and aluminum in 2024. A 25% tariff applied to the full value of those imports would generate over $12 billion in potential tariff revenue annually for the US government.
The US runs a combined trade deficit of over $31 billion in steel and aluminum annually. These tariffs are directly aimed at closing that gap.
The headline rate drops from 50% to 25%, but because it now applies to the entire product value instead of just the metal content, the actual tariff burden for many goods goes up. The presidential proclamation could come as soon as this week.
Canada, the EU, Mexico and South Korea are the most exposed.