Group 1 - The U.S. has officially expanded the scope of steel and aluminum tariffs, imposing a 50% tariff on hundreds of derivative products [1][5] - The expanded tariff list includes 407 types of steel and aluminum derivative products, which will incur additional tariffs based on their steel and aluminum content [3] - This move is expected to impact global trade and increase production costs for U.S. manufacturers, compounding existing pressures from tariffs [5] Group 2 - U.S. manufacturers are heavily reliant on imports from Brazil for steel, particularly semi-finished slab, due to a structural supply gap of approximately 5 million tons [7] - Cleveland-Cliffs, a major U.S. steel producer, has halted operations at three facilities and reported a loss of $470 million in Q2 2025, exploring asset sales to recover losses [7]

Group 1 - The Trump administration announced an expansion of the 50% tariffs on steel and aluminum imports, adding hundreds of derivative products to the tariff list, effective August 18 [1] - The U.S. Department of Commerce included 407 product codes in the expanded tariff list, which will incur additional tariffs due to their steel and aluminum content [1] - The tariffs on steel and aluminum are the highest since the 1930s, leading to increased production costs for manufacturers using these materials, which may result in higher consumer prices and potential job losses in the manufacturing sector [2] Group 2 - U.S. Aluminum Company reported a $20 million increase in production costs in Q1 due to tariff policies, and a $115 million increase in Q2 as a result of tariffs on Canadian products [2] - Approximately 70% of aluminum produced by U.S. Aluminum Company in Canada is sold to the U.S., where customers are now paying higher prices than in other global markets [2] - The Producer Price Index (PPI) for July rose by 0.9%, the largest increase since June 2022, driven mainly by the service sector, indicating rising cost pressures for U.S. businesses [3]

Core Viewpoint - The Trump administration has announced an expansion of tariffs on steel and aluminum imports, increasing the tariff rate to 50% on hundreds of derivative products [1][2]. Group 1: Tariff Expansion Details - The U.S. Department of Commerce has added 407 product codes to the U.S. Harmonized Tariff Schedule, which will incur additional tariffs due to their steel and aluminum content [2]. - The expanded tariff list will officially take effect on August 18 [2]. - The tariff on imported steel and aluminum was previously raised from 25% to 50% as announced on June 3 [2].

Group 1 - The core viewpoint of the article is that the Trump administration has expanded tariffs on steel and aluminum imports to include hundreds of derivative products, with a 50% tariff rate applied to these items [1] - On August 15, the U.S. Department of Commerce announced the addition of 407 product codes to the U.S. Harmonized Tariff Schedule, which will incur additional tariffs due to their steel and aluminum content [1] - The expanded tariff list will officially take effect on August 18, following a previous announcement on June 3 to raise tariffs on imported steel and aluminum and their derivatives from 25% to 50% [1]

Group 1 - The U.S. government announced an increase in tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025, adding to global economic uncertainty [1][2] - The European Union expressed regret over the U.S. decision, indicating it could lead to retaliatory measures, with existing and additional measures set to automatically take effect on July 14, 2025, if no acceptable solution is reached [2] - The increase in tariffs is expected to raise prices on significant consumer goods, including housing, automobiles, and packaged foods, impacting ordinary consumers [2] Group 2 - The U.S. canned food manufacturing sector is likely to face increased costs due to higher steel and aluminum tariffs, which could lead to higher prices for canned products [2] - Major multinational food companies may be compelled to raise product prices as they struggle to source all necessary raw materials domestically due to the tariffs [2]

Group 1 - The U.S. government announced an increase in tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025 [2] - The U.S. will maintain a 25% tariff on steel and aluminum imports from the UK, with potential adjustments based on compliance with the Environmental Policy Statement [2] - The European Union expressed regret over the U.S. decision, indicating it adds to economic uncertainty and is preparing countermeasures [3] Group 2 - The tariff increase is expected to raise prices on significant consumer goods, including housing, automobiles, and packaged foods, impacting ordinary consumers [3] - Specific food items affected include canned tuna, chicken soup, fruits, tomato sauce, beer, and soda, which rely on metal packaging [3] - The increase in tariffs may force companies to raise product prices due to the inability to source all raw materials domestically [3]