1. Steel and Aluminum
In February 2025, President Trump imposed a 25% tariff on all steel and aluminum imports. This move primarily affects imports from countries like Canada, Mexico, and China, which are major suppliers of these metals to the U.S. The tariffs are expected to increase costs for industries that are heavily reliant on these materials, including automotive, aerospace, and construction.
2. Cars
The automotive sector faces significant challenges due to the new tariffs. Vehicles that are assembled in countries like Canada and Mexico are subject to a 25% tariff, impacting models from major companies such as General Motors, Ford, and Stellantis. This policy aims to encourage domestic production but may lead to higher prices for consumers and disrupt existing supply chains.
3. Electronics
Imported electronics, including smartphones, laptops, and TVs, are now subject to higher tariffs, especially those that are originating from China. Companies like Apple have expressed concerns that these tariffs could lead to higher prices for consumers and affect their profit margins. For example, iPhone prices could rise by nearly 30% due to these measures.
