US To Impose 25% Tariffs On Steel, Aluminium Imports This Week

The major companies in Australia are majority held by, the largest shareholder, is China,

he said

The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,

it said in a statement

Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,

the group said

I deeply regret the US decision to impose tariffs on European steel and aluminum exports,

Ursula von der Leyen, the president of the European Commission, reaffirmed in a social media post

We are the US’s closest ally. Our economies are integrated. Canadian steel and aluminum are used in a number of key US industries, whether it is defence, shipbuilding, manufacturing, energy, automotive,

Trudeau said on Tuesday

Small businesses run on very small margins. And so a 25-percent increase in any product is going to hurt,

Sandra Payne, an owner of Denver Concrete Vibrator, which imports steel and other raw materials, told The Associated Press news agency

The reality is, though, our suppliers have international sources for aluminum steel. So that price will come through and it may be a speculative part in the market where price would come up because the tariffs are even rumored.”

Farley said

Tariffs such as these do nothing to enhance the automotive industry directly,

Fiorani said

Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term,

said Sam Fiorani, analyst at AutoForecast Solutions, which studies the industry

We’re concerned about the downstream effects on consumer products like automobiles,

said Glenn Stevens Jr., executive director of MichAuto, a state auto industry association

Industries like automotive have built their entire financial plan based on sourcing products where they can; locally, if it’s possible, globally, if it makes the most sense,

he added

Trump may ask Korea to increase investments in the U.S. automotive and semiconductor industries, given his warning of imposing universal tariffs on those sectors,

an official from one of Korea's major steelmakers said

Canada's Indo-Pacific strategy highlights the importance of deepening engagement with Korea and other key partners in the region,

Canadian Ambassador to Korea Tamara Mawhinney said

Although there exist concerns about decline in steel exports to the U.S., opportunity factors also persist as Korea can compete with other major steel exporters under the same conditions,

Cheong said

Increasing and persistently high import volumes from countries exempted from the duties or subject to other alternative agreements like quotas and tariff-rate quotas have captured the benefit of U.S. demand at the domestic industry’s expense and transmitted harmful effects onto the domestic industry,

Trump said in the document

In my judgment, the arrangements with these countries have failed to provide effective, long-term alternative means to address these countries' contribution to the threatened impairment to the national security,

Trump noted

It’s a big deal. This is the beginning of making America rich again,

Trump said Monday as he signed a proclamation restoring section 232 (national security) tariffs on all steel and aluminum imports regardless of where they come from

If we have more imports of steel and aluminum from the United States [than exports] what is being argued as the reason to impose tariffs is not logical,

he said

Therefore their balance is favorable. … The numbers are in their favor. We import more than we export,

Ebrard said before pointing out

Sometimes President Trump speaks about common sense, we’ll take him at his word — common sense, not a shot in the foot, not destroying what we have built in the past 40 years,

Ebrard said