LAS VEGAS/WASHINGTON -- The 25% tariffs on steel and aluminum products imposed Wednesday by U.S. President Donald Trump's administration are expected to put upward pressure on prices for roughly $150 billion in imports, weighing on profits at American automakers and other companies.
The U.S. imports about a fifth of the steel it consumes. Canada accounts for more than 20% of those imports by weight, more than any other economy, followed by Brazil at 16% and the European Union at 7%, with Japan ranking seventh at 4%. Canada is also the top supplier of aluminum to the U.S.
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
.JPG?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
