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“President Donald Trump on Monday imposed a 25% tariff on all steel and aluminum imports into the United States with no exceptions or exemptions.
Although the United States gets most of its steel from Canada, Brazil and Mexico, the tariffs are largely — albeit indirectly — aimed at China.
“This is a big deal — making America rich again,” Trump said in announcing the tariffs, according to a pool report.
America imports very little steel directly from China, by far the world’s largest producer of steel. Steel tariffs of 25% launched in Trump’s first administration and continued by former President Joe Biden resulted in American importers shifting to other sources.
Yet Chinese steel does make its way into the United States secondhand. Some is purchased by foreign countries and reshipped to the US. And some of it is mislabeled and resold through various channels. …”
Although the United States gets most of its steel from Canada, Brazil and Mexico, the tariffs are largely — albeit indirectly — aimed at China.
“This is a big deal — making America rich again,” Trump said in announcing the tariffs, according to a pool report.
America imports very little steel directly from China, by far the world’s largest producer of steel. Steel tariffs of 25% launched in Trump’s first administration and continued by former President Joe Biden resulted in American importers shifting to other sources.
Yet Chinese steel does make its way into the United States secondhand. Some is purchased by foreign countries and reshipped to the US. And some of it is mislabeled and resold through various channels. …”
