Trump Will Impose Tariffs on Steel and Aluminum on Monday

More broadly, President Trump's state commitment to respond to any retaliatory tariffs creates uncertainty in the global economy,

Tan also noted

Anthony Albaneseprime Minister

The US president agreed that an exemption was under consideration in the interests of both of our countries,

Albanese told reporters after the call

The major companies in Australia are majority held by, the largest shareholder, is China,

he said

In steel, we expect higher domestic prices, however, low capacity utilization rates and growing steelmaking capacity could keep a lid on price gains,

Morgan Stanley said in its note

It's 25% without exceptions or exemptions. That's all countries, no matter where it comes from, all countries,

Trump told reporters during a press conference, ... according to a Reuters report

The damage will extend beyond just the steel and aluminum sectors, impacting all businesses that rely on these materials throughout the supply chain,

it said in a statement

Foreign customers are shifting their supply chains away from U.S. producers. Once removed, especially for smaller, family-owned businesses, it is difficult to regain that lost business,

the group said

I deeply regret the US decision to impose tariffs on European steel and aluminum exports,

Ursula von der Leyen, the president of the European Commission, reaffirmed in a social media post

We are the US’s closest ally. Our economies are integrated. Canadian steel and aluminum are used in a number of key US industries, whether it is defence, shipbuilding, manufacturing, energy, automotive,

Trudeau said on Tuesday

Small businesses run on very small margins. And so a 25-percent increase in any product is going to hurt,

Sandra Payne, an owner of Denver Concrete Vibrator, which imports steel and other raw materials, told The Associated Press news agency

The reality is, though, our suppliers have international sources for aluminum steel. So that price will come through and it may be a speculative part in the market where price would come up because the tariffs are even rumored.”

Farley said

Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term,

said Sam Fiorani, analyst at AutoForecast Solutions, which studies the industry

Tariffs such as these do nothing to enhance the automotive industry directly,

Fiorani said

We’re concerned about the downstream effects on consumer products like automobiles,

said Glenn Stevens Jr., executive director of MichAuto, a state auto industry association

Industries like automotive have built their entire financial plan based on sourcing products where they can; locally, if it’s possible, globally, if it makes the most sense,

he added

Trump may ask Korea to increase investments in the U.S. automotive and semiconductor industries, given his warning of imposing universal tariffs on those sectors,

an official from one of Korea's major steelmakers said

Canada's Indo-Pacific strategy highlights the importance of deepening engagement with Korea and other key partners in the region,

Canadian Ambassador to Korea Tamara Mawhinney said

Although there exist concerns about decline in steel exports to the U.S., opportunity factors also persist as Korea can compete with other major steel exporters under the same conditions,

Cheong said

Increasing and persistently high import volumes from countries exempted from the duties or subject to other alternative agreements like quotas and tariff-rate quotas have captured the benefit of U.S. demand at the domestic industry’s expense and transmitted harmful effects onto the domestic industry,

Trump said in the document

From my vantage point, the bombastic rhetoric, the damage has already been done,

Griffin said Tuesday at UBS Financial Services Conference in Key Biscayne, FL