US President Donald Trump has promised to impose a 25% duty on all steel and aluminum supplied by other countries to the United States.
Trump made the announcement on board the presidential plane on February 9, on his way to the Super Bowl in New Orleans.
Canada, Brazil, Mexico, South Korea, and Vietnam are the largest steel suppliers to the United States. Canada is the largest supplier of primary aluminum, accounting for 79% of total imports from January to November 2024. At the same time, Mexico is the largest supplier of aluminum scrap and aluminum alloys.
During his first term in office, Trump imposed duties of 25% on steel and 10% on aluminum. He then granted duty-free trade quotas to key US trading partners, including Canada, Mexico, and Brazil. Subsequently, US President Joe Biden extended these quotas to the United Kingdom, Japan, and the European Union.
Trump also announced on February 12 that he would impose retaliatory duties against countries that impose duties on imports of American goods. According to the US president, these measures will take effect almost immediately.