Question

What will be the financial impact of Trump's Tariffs on Steel and Aluminum?

Answer 1

The Trump's Tariffs on Steel and Aluminum might create trade war with other countries which can results in similar actions from European Union. The financial impact can be that the US comapanies would have less supply of steel and Aluminum which will increase their costs resulting in lower profits, however, this can be good for the US economy if such moves create more jobs.

If we see histrory, such moves only resulted in their in economic growth, so this time the same might happen and the Trump might need to abolish such tarriffs in future. If that does not happen, then the overall international trade might get impacted which can results in negative impact for the countries and companies across the globe.

the above is answer