Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other way
The US has doubled tariffs on foreign steel and aluminum imports to 50%, pressing ahead in the face of criticism from key trading partners with a measure that Donald Trump says is intended to revive the American industry.
About a quarter of all steel used in the US is imported and data shows the increased levies will hit the closest US trading partners – Canada and Mexico – especially hard. They rank first and third respectively in steel shipment volumes to the US.
Steel is actually a good thing to tariff. China has been dumping a shit ton of steel on the global market and it hurts manufacturers in many other countries. In most countries such tariffs would come forth from antidumping rulings and they are a common and quite fair safeguard. Then it mostly changes towards a minimum price. (Like what European countries are doing regarding cheap EVs from China)
To tariff all steel instead of just the cheap steel is amazingly stupid tough. But that’s the amazing mind of Trump TM.