By a man who set out to make America great again \u2013 and burned billions along the way.<\/p>\n\n\n\n
It was one of those scenes that have become routine in Trump\u2019s second term: a warehouse full of steel, patriotic music, workers in hard hats \u2013 and a president gripping the microphone like a Vegas entertainer. But what Donald Trump announced Friday at the U.S. Steel Mon Valley plant was no joke. It was an economic earthquake: steel tariffs - doubled to 50%. Aluminum? Also 50%. The measure is set to take effect Wednesday. The applause of the steelworkers still echoed through the hall \u2013 but on Wall Street, the trembling had already begun. Because what Trump is selling as a \u201cblockbuster deal\u201d is nothing less than a homegrown shock for many companies.<\/p>\n\n\n\n
The steel industry cheers \u2013 but it's too small for big miracles<\/p>\n\n\n\n
Admittedly - it was a nice tailwind for U.S. Steel. The stock rose 1.13% to 53.82 dollars. No surprise - when foreign competition is artificially made more expensive, the protectionist smiles. But U.S. Steel is not General Motors. And it\u2019s certainly not Apple. The entire U.S. steel industry makes up less than 0.3% of GDP. As important as its growth may be for local regions like Pennsylvania, it can never offset the overall economic dents caused by this tariff policy.<\/p>\n\n\n\n
Apple, Tesla & Co.: When aluminum suddenly becomes a luxury<\/p>\n\n\n\n
Those holding their breath, however, are the core of American industry: tech, automotive, construction. Apple alone processes thousands of tons of aluminum every year - for iPhones, iPads, MacBooks. Most of it comes from Asia, Canada, or Europe. Now it gets more expensive. And that\u2019s not just a footnote - it\u2019s a direct challenge to the global supply chain. Tesla? Uses both aluminum and specialized steel - in multiple areas of vehicle construction. When prices rise, margins shrink - or the price for the customer explodes. Neither is good.<\/p>\n\n\n\n
Dow, Nasdaq, S&P: The market says \u201cno thanks\u201d<\/p>\n\n\n\n
The stock market reacted promptly - and coolly:<\/p>\n\n\n\n
Dow Jones: \u2013256 points (\u20130.6%)
Nasdaq: \u2013200 points (\u20131.0%)
S&P 500: \u20130.7%<\/p>\n\n\n\n
Weekly balance: All major indices lost more than 2%<\/p>\n\n\n\n
This is not just a mild cough - it is a clear signal of how investors assess Trump\u2019s steel gamble: highly risky, poorly thought out, maximum populism.<\/p>\n\n\n\n
A calculation that doesn\u2019t add up<\/p>\n\n\n\n
The logic of the measure feels outdated: make imports expensive = strengthen domestic = create jobs. But it falls short. Because:
Around 25% of U.S. steel and over 40% of aluminum is imported. U.S. producers cannot fill this gap in the short term - not technologically, not in terms of capacity.<\/p>\n\n\n\n
The result: price increases, bottlenecks, inflation - in an already strained market environment.<\/p>\n\n\n\n
And it gets worse: higher prices act like a tax on investment. Companies delay projects, reduce their product range, cut back - or relocate abroad.
Trade relations: Goodnight, globalization Geopolitically, the decision is an affront. Canada, Brazil, Mexico, and South Korea - the four largest exporters of steel to the U.S. - are unlikely to be pleased. The EU is reportedly already considering a response - retaliatory tariffs on U.S. goods are not out of the question. Apple, Boeing, Caterpillar, and other U.S. brands could be the next to feel the impact.<\/p>\n\n\n\n
In parallel, Trump spins the image: The involvement of Nippon Steel in U.S. Steel is supposed to be a \u201cU.S.-controlled partnership,\u201d secured by a \u201cgolden share\u201d from the U.S. government. Sounds like a clever deal - but in legal and economic terms, it\u2019s vague at best. Neither investors nor stakeholders know how it is structured. Transparency? Nowhere in sight.<\/p>\n\n\n\n
Trump has fulfilled a promise \u2013 to steelworkers, to the patriots of the Rust Belt, to the nostalgics of old industry. But another generation will pay the price: companies operating in global value chains, consumers soon to face higher prices for cars and tech \u2013 and financial markets that flinched long before the first new tariff takes effect.<\/p>\n\n\n\n
What remains is an economic paradox: a country protects itself from foreign steel - and ends up cutting into its own flesh. The policy is national - but the damage is global. Or, as an Apple engineer dryly tweeted:<\/p>\n\n\n\n
\u201cOur devices aren\u2019t getting better - just more expensive. Thanks, Steel-America.\u201d<\/p>\n\n\n\n
And in the end, it will be American society itself that gets hit the hardest. You don\u2019t need a business degree to see that. But maybe many will ask themselves why they didn\u2019t act sooner. June 14, 2025 - Trump\u2019s 79th birthday and the 250th anniversary of the U.S. Army - will show what this society is still capable of. On that day, the White House is calling for a massive military parade - but civil society is calling for a counter-march. Mass protests are planned across all 50 states \u2013 against tariffs, against isolationism, against a regime that produces only symbols but causes real destruction.<\/p>\n\n\n\n
Because if that day passes without resistance, life in the U.S. is about to get very expensive. Because then they\u2019re coming \u2013 the many, many billions in losses from a collapsing tourism industry.<\/p>\n
Von einem, der auszog, Amerika gro\u00df zu machen \u2013 und dabei Milliarden verbrannte. Es war eine jener Szenen, wie sie in Trumps zweiter Amtszeit zur Routine geworden sind: ein Lagerhaus voller Stahl, patriotische Musik, Arbeiter mit Helmen \u2013 und ein Pr\u00e4sident, der das Mikrofon fest umklammert wie ein Entertainer in Vegas. Doch was Donald Trump […]<\/p>\n","protected":false},"author":1,"featured_media":2285,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"iawp_total_views":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[47,49,41],"tags":[],"class_list":["post-2283","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-business","category-state-news","category-trump-s-world"],"yoast_head":"\n