List of 10 Countries that Hit Hardest by Trump’s Steel and Aluminium Tariffs
Global trade is set to take a hit following US President Donald Trump’s announcement of a 25% tariff on all imports of steel and aluminum. Tariffs could weigh on future economic activities affecting some of the largest exporters of these metals to the US.
The supplying nations with the highest volumes of steels and aluminium to the United States in 2023 are given by the Financial Times and the effect of these tariffs is most likely to strike these contractors hardest.
Here are list of 10 countries and the potential effects on each nation,
| Country | Export Value to US (2023) | How They Are Affected | |
| 1 | Canada | $25.26 billion | As the largest supplier, Canada faces major losses. It may seek exemptions or retaliate with its own tariffs. |
| 2 | China | $13.86 billion | The tariffs add to existing trade tensions, pushing China to diversify its export markets. |
| 3 | Mexico | $13.28 billion | Deeply integrated with the US economy, Mexico’s steel sector may suffer supply chain disruptions and cost increases. |
| 4 | South Korea | $5.71 billion | Higher production costs could impact auto manufacturers like Hyundai and Kia, leading to possible price hikes. |
| 5 | Brazil | $4.87 billion | A major iron ore producer, Brazil may face reduced exports, affecting its mining and manufacturing sectors. |
| 6 | Germany | $4.49 billion | Tariffs could slow industrial growth and raise costs for German auto and engineering firms. |
| 7 | Taiwan | $4.38 billion | Specialty steel and aluminum exports could decline, forcing manufacturers to explore alternative markets. |
| 8 | India | $4 billion | India’s steel industry may see slower exports, increased production costs, and a shift towards Europe and Southeast Asia. |
| 9 | Japan | $3.22 billion | Japanese auto and electronics industries could face higher costs, reducing demand for their exports. |
| 10 | Italy | $2.73 billion | One of Europe’s top steel exporters, Italy could see reduced US demand and potential EU retaliation. |
