U.S. Trading Partners' Potential Retaliation Power

Trade & Tariffs

The U.S. administration has not extended the tariff exemptions on imports of steel and aluminum for its major Western trading partners on Thursday. The World Trade Organization (WTO) can allow those countries to retaliate against the tariffs within its framework, up to the amount of their respective estimated losses.

However, the WTO would have to find that the Trump administration was wrong to quote national security reasons to impose the tariffs in the first place. According to figures published by the Peterson Institute for International Economics (PIEE), Canada could retaliate by imposing tariffs worth some $3.2 billion.

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Infographic: U.S. Trading Partners' Potential Retaliation Power | Statista

Description

This chart shows the estimated annual loss from U.S. tariffs on imports of steel & aluminum and WTO retaliation limits

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U.S. steel and aluminum import volume impacted by the 25 percent tariffs 2025
U.S. steel and aluminum import volume impacted by the 25 percent tariffs 2025
Projected price index change in countries based on U.S. steel aluminum tariffs
Projected price index change in countries based on U.S. steel aluminum tariffs
Projected real GDP change in countries based on U.S. steel aluminum tariffs
Projected real GDP change in countries based on U.S. steel aluminum tariffs
Projected price index change in countries based on U.S. steel aluminum tariffs
Projected price index change in countries based on U.S. steel aluminum tariffs
Projected total exports change in countries based on U.S. steel aluminum tariffs
Projected total exports change in countries based on U.S. steel aluminum tariffs
Crude steel production by month in China 2015-2025
Crude steel production by month in China 2015-2025

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