Email
Linkedin
Facebook
Twitter
Copy Link
Loading...
Timely insights from the Economy, Strategy & Finance Center
On May 4 the Administration increased steel and aluminum tariffs by an additional 25%. This brings the current tariff rate to 50%, as the initial 25% percent tariff went into effect on March 12. There are no exemptions for imports from allies.
The US is the largest importer of steel and aluminum globally. About a quarter of the steel and half of the aluminum used in the US is imported. Canada is the largest supplier of raw steel and aluminum to the US.
Impacted products: The result of the tariff is that prices will increase for products made from steel and aluminum. These products fall into the following four categories:
Increasing domestic production is challenging: Although the intent of the tariffs seems to be to increase US production, the ability to quickly manufacture more steel and aluminum in the US is hampered
Members of The Conference Board get exclusive access to Trusted Insights for What’s Ahead® through publications, Conferences and events, webcasts, podcasts, data & analysis, and Member Communities.
No Major Signs of Tariffs in April CPI, Yet
May 13, 2025
US-China De-Escalation Brings Down Sky-High Tariffs
May 12, 2025
Charts
The proliferation of easy-to-use generative AI requires that policymakers and business leaders each play an important role.
LEARN MORE
Charts
A hyperpolarized environment, diminished trust in our nation’s leaders.
LEARN MORE
IN THE NEWS
Denise Dahlhoff on How CEOs Are Talking About Tariffs—without Saying “Tarif…
May 21, 2025
IN THE NEWS
Erin McLaughlin on Tariff Policy
April 07, 2025
IN THE NEWS
Erin McLaughlin on Reshoring Factors
April 05, 2025
IN THE NEWS
Erin McLaughlin on US Reshoring
April 02, 2025
IN THE NEWS
Erin McLaughlin: How policy uncertainty may exacerbate infrastructure chall…
March 19, 2025
IN THE NEWS
Erin McLaughlin discusses the latest on tariff policy
March 14, 2025
