Trump's NEW Tariffs Are Here | What This Means for Steel & Aluminum
Published: 2025-02-11
Status:
Available
|
Analyzed
Published: 2025-02-11
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
Steel and aluminum prices may see a short-term spike after tariffs are implemented, followed by a potential fall within six months.
"what we saw happen in the past during the 2018 tariffs on steel and aluminum is that steel and aluminum prices started to pop off as soon as the tariffs were passed that lasted for around 6 months and then after the six month Mark we started to see steel prices begin to fall and eventually the prices of Steel became cheaper than what they were before the tariffs"
Pending
A 25% tariff will be imposed on all steel and aluminum entering the United States.
"president Trump is announcing a sweeping 25% tariff on steel and aluminum"
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Specific tariff rates: 25% on steel and 20% on aluminum imports.
"any steel coming into the United States is going to have a 20 5% tariff aluminum 2o"
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Historical data suggests that steel and aluminum prices might fall again after tariffs have settled in, but acknowledges uncertainty.
"but that's what we saw happen in the past so you can take that for what it's worth"
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Historical comparison: 2018 tariffs were 25% on steel and 10% on aluminum.
"back in 2018 Trump also passed a 25% tariff on steel and 10% tariff on aluminum"
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US steel imports have decreased by 35% over the last decade, partly due to previous Trump tariffs, leading companies to shift sourcing to domestic suppliers.
"over the last decade we have seen a 35% drop in steel Imports into the United States and a big reason for that has to do with the Trump tariffs the first time around because people already started moving their steel buying decisions away from China away from Canada into the United States"
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Tariffs on Canadian and Mexican goods are currently paused but remain scheduled to start at a later, unspecified date.
"the Canadian and Mexican tariffs are put on pause right now they are still scheduled to start later but we'll see what actually happens with that"
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New tariffs on steel and aluminum are intended to increase domestic buying, leading to more jobs, profits, and tax revenue for the US economy.
"this will hopefully according to the Trump Administration bring even more steel and aluminum buying into the United States which would in theory create more jobs here create more profits here to benefit the United States economy and create more tax dollars outside of the income tax"
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Historical observation: Steel and aluminum prices spiked after the 2018 tariffs, remained high for approximately six months, and then began to fall.
"what we saw happen in the past during the 2018 tariffs on steel and aluminum is that steel and aluminum prices started to pop off as soon as the tariffs were passed that lasted for around 6 months and then after the six month Mark we started to see steel prices begin to fall"
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A significant increase in steel prices due to tariffs could lead to inflation, raising the cost of products that contain steel.
"if we see a big spike in steel prices it could have an inflationary impact which is the prices of things go up that have Steel in them"
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Prediction: Expect a short-term spike in steel and aluminum prices, followed by a potential decrease after tariffs are settled.
"we can kind of infer that we could see a short-term spike in steel and or aluminum prices and maybe after the Tariff settle in that we could see the prices of the steel and aluminum Begin to Fall Again"
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Continued tariffs that slow economic growth could result in a stagflationary shock to the US economy, characterized by slow growth and high inflation.
"these tariffs if they continue and they slow down the economy it could deliver a quote stagflationary shock to the United States economy"
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Trend: Steel imports into the US have decreased by 35% over the past decade.
"over the last decade we have seen a 35% drop in steel Imports into the United States"
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If implemented effectively, these tariffs could stimulate domestic spending, boost American companies' growth and hiring, and increase tax revenue within the US.
"maybe if done correctly these tariffs could mean more spending is happening inside the United States more American companies could to grow more American companies are hiring more employees inside of the United States more American companies grow their profits and more tax dollars in the United States through that"
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Risk: Tariffs, if sustained and economy-slowing, could cause a 'stagflationary shock' to the US economy.
"Apollo Global Management what they said said is that these tariffs if they continue and they slow down the economy it could deliver a quote stagflationary shock to the United States economy"
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Past tariffs on steel and aluminum have been effective in increasing domestic purchasing of these materials in the United States.
"we have seen in the past that the tariffs on steel and aluminum have worked in the past to bring more of that steel and aluminum buying into the United States"
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Comparison: Current steel and aluminum tariffs are more sweeping in scope than the narrower, more niche tariffs implemented in 2018.
"this time it's more sweeping last time in 2018 it was more narrow it was more niche this time it's more sweeping"
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Recommendation: For most individuals, investing in the S&P 500 is considered the optimal strategy.
"for most people the best thing to do is probably just invest in the S&P 500"
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Investment Method: Implement an 'Always Be Buying' (ABB) strategy, consistently investing regardless of market conditions (up, down, or sideways).
"and now you follow my ABB strategy always be buying and you just buy every week every two weeks every month you buy when markets are up you buy when markets are down you buy when markets are sideways you always be buying"
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