Global winners and losers of Trump’s steel and aluminium tariffs

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Global winners and losers of Trump’s steel and aluminium tariffs

An employee stands at a blast furnace. In November, Thyssenkrupp Steel announced that the number of jobs in the steel sector would be reduced by 11,000 to 16,000 within six years. 

Picture Alliance | Picture Alliance | Getty Images

U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel and aluminum.

The proposed levies would be in addition to existing duties. No timeline for implementation was specified at this time.

The two metals are vital components in various industries, including transportation, construction, and packaging.

Here’s a look at the biggest potential winners and losers if Trump goes ahead with his 25% steel and aluminium tariffs.

This developing story is being updated.

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