Analyzing the Impact of 50% Tariffs on Aluminum and Steel

Via Metal Miner   During a rally at U.S. Steel’s Mon Valley Works–Irvin Plant near Pittsburgh last Friday, U.S. President Trump announced plans to raise tariffs on steel and aluminum imports from 25% to 50%. These new “Trump Tariffs” are set to take effect on June 4, 2025, and will not only apply to primary and semi-finished steel and aluminum but also to derivative products, items that contain these metals, such as automotive parts, machinery components and other manufactured goods. Trump claimed the tariff hike would…