Source Say Trump Wants to Impose Harsh Tariffs on Steel, Aluminum

The video discusses the implications of new US tariffs on steel imports, highlighting that China is not a major exporter to the US but plays a significant role in the global steel market. The discussion includes market reactions, potential trade wars, and China's domestic production strategies. The focus is on how these factors affect global steel prices and the broader commodities market.

Which country is not among the top ten exporters of steel to the US?

• Germany

• Canada

• Mexico

• China

What is a significant reason for the rise in steel prices in China?

• Increased exports

• Domestic demand

• New tariffs

• Currency fluctuations

What percentage of the world's steel is produced by China?

• 25%

• 50%

• 75%

• 90%

What is a potential consequence of the US imposing tariffs on steel?

• Increased steel imports

• Retaliation from other countries

• Decrease in US steel production

• Rise in global steel prices

What is a key factor that could influence global steel prices according to the discussion?

• China's pollution control measures

• European steel demand

• Middle Eastern steel exports

• US steel production