Trump Raises Tariffs: Steel and Aluminum at 50% Starting June
The U.S. raises tariffs on steel and aluminum to 50%. We analyze the impact on prices, opportunities for Chilean exporters, and risks for importers.
https://www.whitehouse.gov/briefing-room/statements-releases/2025/06/03/fact-sheet-president-trump-increases-section-232-tariffs/
6/4/20251 min read
In a move that sent shockwaves through global trade, President Donald Trump announced a tariff hike to 50% on steel and aluminum imports, effective June 4, 2025. The action, grounded in Section 232 of the U.S. Trade Expansion Act, aims to shield the domestic metal industry from what the administration calls unfair competition, particularly from China, India, and Brazil.
The immediate effects are evident: steel spot prices have surged, automotive and construction sectors are adjusting contracts, and stock markets are reacting with caution. Meanwhile, targeted countries are preparing diplomatic and commercial responses.
For Chilean companies importing metal goods, the message is clear: brace for global supply chain turbulence. Even if direct impact is limited, indirect effects—such as price volatility and increased global demand—will be felt across industries using metal components.
📈 Relevance for Chile:
Chile could emerge as an alternative supplier of metals and industrial inputs.
Companies importing U.S. machinery or steel structures should prepare for price shifts.
Strengthening ties with unaffected trade partners becomes critical.
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