Trump's Proposed Steel and Aluminum Tariffs Target China Indirectly

U.S. Aims to Counteract Impact of Cheap Chinese Steel on Global Market Prices U.S. President Donald Trump has announced plans to impose a 25% tariff on all steel and aluminum imports, a move widely interpreted as indirectly targeting China. According to an analysis by The New York Times (NYT), this decision is rooted in concerns over China’s excessive production of steel and aluminum, which it exports at low prices to countries like Canada and Mexico, undermining the competitiveness of American steel industries. While China does not export large quantities of steel and aluminum directly to the U.S., its impact on the American market is significant. As of January, the top five suppliers of steel to the U.S. were Canada, Brazil, Mexico, South Korea, and Germany, with China trailing far behind. This is partly due to tariffs introduced by former President Joe Biden in September last year, which raised duties on Chinese steel and aluminum products to 25%. However, the crux of the problem...