Wall Street Journal (August 26)
2026/ 08/ 28 by jd in Global News
“Americans are now paying roughly 75% more for aluminum than the rest of the world. Steel prices in the U.S. are also about 64% higher than in northern Europe.” This is partly because the “metal tariffs are stacked on top of other tariffs on China, which is the world’s largest producer of steel and aluminum.” Under Trump, “the metal tariffs (including copper) have raised some $46.9 billion in revenue for the government during the current fiscal year through June, plus $21.8 billion in 2025. That’s … a nearly $70 billion tax on Americans.”
Tags: $70 billion, 75%, Aluminum, Americans, China, Copper, Government, Metal, Northern Europe, Producer, Revenue, Stacked, Steel prices, U.S.
