Who has more than a steel and aluminum tariff?

president Donald Trump On Monday, new executive orders are expected to impose a higher tariff on steel and aluminum imports to the United States, and to open a new front in its commercial war that may stimulate revenge.

Trump’s actions would impose a 25 % new tariff on all steel and aluminum imports in the United States at the top of the current definitions of these minerals, which escalates his efforts to reshape commercial policy.

Definitions, which are Import taxesIncreasing the costs of importers who usually pass some or all of these costs for their customers. In the case of steel and aluminum, American companies rely heavily on imports and high costs may harm manufacturers, and therefore, consumers.

“The American economy has much more steel users than steel producers, which means that the customs tariff will put more manufactured functions in danger than they create,” Erica York, Vice President of Federal Tax Policy at the Tax Business, told Fox Business. “Looking at the steel, the functions that use the steel in the production process exceed the number of jobs that produce from 80 to 1.”

Trump’s tariff for Mexico and Canada will increase the prices of consumers; Experts provide details

She pointed out that “manufacturers of auto manufacturers, agricultural equipment, home appliances and machines used in oil extraction, construction industry, drinks and knives are all used minerals as part of their production process.”

“When we are Definition applicationWe increase the cost of both imported minerals and locally produced minerals, which increases the cost of production in the United States for all these estuary industries. York said:

What are the definitions, how do they work and those who pay them?

Ryan Young, senior economists at the Institute of Competitive Institutions, told Fox Business that cars and housing are likely to be the two most difficult sectors in light that they represent about two -thirds of the steel.

“If you are on the market for a new car or a new home, you expect to pay a few hundred dollars for a medium -sized car, and several thousand dollars for the house,” said Young. About cheaper alternatives.

He added that the aluminum tariff will also raise the prices of cars and homes, as well as companies in the beverage industry such as Coca-Cola, Pepsi and Breweries. Other daily aluminum elements that are likely to see high prices include bikes, devices and furniture.

What happens with Trump’s tariff for China, Canada and Mexico?

About a quarter of everyone Steel used in the United States It was imported, most of which come from neighboring Mexico and Canada, or from close allies in Asia and Europe, such as Japan, South Korea and Germany.

Although China is the largest producer and source in the world, it is only very few Chinese steel Outside the market. The country has exported 508,000 tons of steel to the United States last year, which represents 1.8 % of US steel imports.

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The United States relies heavily on aluminum imports, with about half of all aluminum used from imports. The vast majority of American aluminum imports come from Canada, which has released 3.2 million tons of aluminum to the United States last year – by more than twice the next nine countries.

Reuters contributed to this report.