Having threatened, implemented and then pulled back on tariffs involving imports from Canada and Mexico earlier this month, President Donald J. Trump has now implemented 25 % tariffs on all steel and aluminum imports. As of Tuesday evening, it was still unclear how much steel Connecticut businesses purchased from international sources in 2024. But according to American Iron and Steel Institute, Canada was the top importer of steel into the United States in 2024 with 6.56 million tons, followed by Brazil with 4.5 million tons and Mexico with 3.52 million tons. Technically speaking, importers pay for the tariffs, Stanaitis said. But he said most economists agree that much of the cost of tariffs is paid by consumers in the form of a higher price for the goods they purchase. Brian Raff, vice president of the Chicago-based trade group American Institute of Steel Construction, said the tariffs are beneficial to the domestic industry as a whole, whether it involves producers, fabricators or even end users. The trade group represents about 1,000 steel fabricators across the country, including about 17 in Connecticut.
https://www.stamfordadvocate.com/business/article/ct-steel-aluminum-tariffs-mixed-reviews-20160337.php