US Steel and Aluminum Tariffs

President Trump signed an executive order imposing a 25% tariff on all steel and aluminum imports into the US, with no exceptions. The US imports most of its steel from Canada, Brazil, and Mexico, with a smaller portion from China. Despite producing more steel domestically, the US relies heavily on imports due to its current economic structure. The new tariff adds to a previous 10% tariff on Chinese imports, prompting China to retaliate, raising concerns about a trade war. Tariffs on imports from Mexico and Canada are suspended until March 1st.

What percentage tariff did President Trump impose on steel and aluminum imports?

• 30%

• 25%

• 15%

• 10%

Which country is the largest producer of steel that exports a small portion to the US?

• Brazil

• Mexico

• Canada

• China

How does the production of American steel mills compare to the amount of steel imported?

• They produce less than imported

• They produce twice as much

• They produce the same amount

• They produce three times more

Why does the US import a significant amount of steel and aluminum?

• Cheaper imports

• Focus on other industries

• High domestic demand

• Lack of resources

What was the percentage of the new tariff imposed on all Chinese imports?

• 5%

• 10%

• 15%

• 20%

Until when were tariffs on imports from Mexico and Canada suspended?

• January 1st

• February 1st

• April 1st

• March 1st