The aluminum company views a 25% tariff on aluminum imports resulting in about 20,000 direct U.S. industry jobs being cut, as well as many as 80,000 indirect jobs being eliminated, Chief Executive Bill Oplinger said.
steel, European Union and Amid Trade
Canada and Mexico are the leading exporters of steel to the US, but most of their products likely can be readily produced in the US, Bloomberg Intelligence analysis shows.
A 25% tariff on aluminum imports could result in about 20,000 direct U.S. aluminum industry jobs being cut, and as many as 80,000 indirect jobs being slashed, Oplinger said.
President Donald Trump this month announced 25% tariffs on all aluminum and steel imports, an order set to go into effect on March 12. If implemented, Ukraine’s already vulnerable steel industry would face extra costs that would further weaken not only the industry,
Vietnam will impose anti-dumping tariffs on steel from China, following South Korea and other nations in fighting back against surging supplies from the world’s biggest producer.
Larger buildings require more steel in their framing and foundations, so apartments and condos will likely be more impacted by the tariffs.
The nation’s trade commission had decided to ask the country’s finance minister to impose as much as about 38% provisional anti-dumping duties on Chinese hot-rolled thick steel plates from next month.
Vietnam will impose a temporary anti-dumping levy of up to 27.83% on some steel products from China, according to a trade ministry document seen by Reuters.
Employees at breweries in Massachusetts say they are faced with a difficult decision with looming tariffs on aluminum and steel.
Imposing US tariffs on UK steel imports would be "negative" for both countries, the business secretary has said. Jonathan Reynolds told the BBC the UK and US have a "mutual interest" in negotiating an exemption from President Donald Trump's plans for the 25% import tax,
The United Steelworkers union says it's raised concerns since the sale of U.S. Steel to Nippon Steel was proposed in 2023.
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