Quotes
We can’t get all of our materials from the US because there’s no supply,
ConAgra CFO David Marberger said at a recent Goldman Sachs conference on global staples
Anybody who’s directly connected to the steel industry, they’re going to benefit. It’s just coming at a very high cost,
Waldkirch saysIf a John Deere tractor costs 25% more, consumers pay the price for that,
Hafezi saysIt plays into the hands of China and other foreign canned food producers, which are more than happy to undercut American farmers and food producers,
insists Can Manufacturers Institute president Robert BudwayRising grocery prices would be part of the ripple effects,
says Usha Haley, an expert on trade and professor at Wichita State University, who addedWe are engaging with the US on the implications of the latest tariff announcement and to provide clarity for the industry
A government spokesman said
It is my great honor to raise the Tariffs on steel and aluminum from 25 per cent to 50 per cent
Mr Trump wroteYou voted for me, they never had a chance in Pennsylvania.
The President kicked off his appearance by boasting about his 2024 electoral win in Pennsylvania, sayingWe're talking about expansion of capacity of heavy industry that comes with significant upfront investments, and no business leader should take heavy upfront investments if they don't believe that the same policy is there two, three, or four years from now,
Tintelnot says
So, this is expected to raise the price of aluminum, which is important in inputs for downstream industries like the automotive industry, as well as construction, so there's sort of a distributional conflict here,
Tintelnot warnsThis isn’t trade policy—it’s a direct attack on Canadian industries and workers,
said Marty Warren, United Steelworkers national director for CanadaOur steel and aluminum industries are coming back like never before,
Trump wrote on Truth SocialIf no mutually acceptable solution is reached, both existing and additional EU measures will automatically take effect on 14 July—or earlier, if circumstances require,
the spokesperson said
At 50 percent, they can no longer get over the fence,
Trump said during a speech at a U.S. Steel facility in West Mifflin, Pennsylvania
The UK was the first country to secure a trade deal with the US earlier this month and we remain committed to protecting British business and jobs across key sectors, including steel.”
A UK government spokesperson said
Some countries are viewing the court ruling as an indication that they were right not to negotiate over tariffs. We’re taking the opposite view, and trying to get this deal implemented as soon as possible.”
A government source saidWe strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%,
a European Commission spokesperson said in an emailed statement
This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,
the spokesperson saidThese exports are now exposed to sharply higher US tariffs, threatening the profitability of Indian producers and exporters,
he stated
It remains to be seen whether India will carry out the retaliation by increasing tariffs on certain US exports within a month,
he added