Trump Raises Steel Import Tariffs to 50%, Japan Emerges as Biggest Winner
President Trump has announced a 50% tariff on imported steel, a decision that has drawn global attention, particularly in Asia. Analysts suggest that as U.S. market prices rise, Japan is likely to emerge as the biggest winner due to its competitive steel products.
Cai Zhengyuan noted that this policy could alter the global steel supply chain and create ripple effects in domestic markets. He emphasized that Japanese steel companies may gain more market share due to their quality and technology in such circumstances.
