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.
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