U.S. President Donald Trump on Sunday told reporters that he planned to announce new 25% tariffs on Monday, targeting imports of steel and aluminum.
The proposed levies would be in addition to existing duties and no timeline for implementation was specified.
The two metals are vital components in various industries, including transportation, construction, and packaging.
Here’s a look at the biggest potential winners and losers if Trump goes ahead with his 25% steel and aluminum tariffs.
The United States
Perhaps unsurprisingly, the biggest winner of the trade tariffs is likely to be the U.S.
U.S. steel imports have declined substantially over the past decade, official data shows, falling 35% between 2014 and 2024 — despite a 2.5% annual uptick to 26.2 million metric tons last year. Many attribute this to tariffs introduced under President Trump’s first administration.
America’s aluminum imports, however, have risen 14% over the past decade, with U.S. exports of the metal rising progressively since 2020.
On Monday, James Campbell, analyst at commodity pricing consultancy CRU, told CNBC that he expected the potential tariffs to have varying effects on the U.S. over time.
“At the start, this could damage demand,” he said. “In the longer term, we can see investment coming through.”
Since Trump’s first wave of tariffs in 2018, CRU’s Campbell said the U.S. had seen investment rise in both the steel and aluminum sectors.
During his first presidency, Trump slapped tariffs on steel and aluminum imports from Canada, Mexico and the EU. His administration also placed volume limits on imports from various other nations, including South Korea, Argentina and Australia.
A later report from the Congressional Research Service found that in the first five months of the policy, the Trump administration collected more than $1.4 billion in revenue.
Canada and Mexico
The two countries are among the biggest exporters of steel and aluminum to the United States, so are likely to be hurt by the tariffs if they come into effect — even after being granted temporary respite from blanket duties on all their exports into America.
Germany
Germany is also a big steel exporter to the U.S. and is likely to be negatively affected by the tariffs.
However, Thyssenkrupp, one of Europe’s largest steelmakers, told CNBC Monday it expects “very limited impact” on its business if the U.S. levies additional tariffs on steel and aluminum.
The German company said Europe remains its primary market for steel with only “high-quality” niche products exported to the U.S. where it maintains a “good market position”.
“The majority of thyssenkrupp’s sales in the U.S. come from the trading business and the automotive supply business,” a spokesperson said via email. “In principle, Thyssenkrupp is well positioned in these businesses in the US with a significant share of local manufacturing for the local market. Much of the production for U.S. customers takes place within the U.S..”
Asian exporters
South Korea, Vietnam and Japan are also among the countries likely to see their metals hit with new import tariffs if Trump goes ahead with the policy.
Imports from Vietnam grew by more than 140% from the previous year, according to CNBC’s analysis of U.S. trade data. Taiwan also exported 75% more steel to the U.S. in 2024 compared to the previous year.
This developing story is being updated.
Global Winners and Losers of Trump’s Steel and Aluminum Tariffs
President Trump’s decision to impose tariffs on steel and aluminum imports has sparked a global debate on the potential winners and losers of this controversial move. While the tariffs are aimed at boosting domestic production and protecting American jobs, they have also raised concerns about a possible trade war and its impact on the global economy.
So who are the winners and losers in this scenario?
Winners:
1. U.S. Steel and Aluminum Industries: The most obvious winners of the tariffs are the U.S. steel and aluminum industries, which stand to benefit from increased demand for domestic products.
2. Domestic Producers in Countries Exempted from Tariffs: Countries like Canada, Mexico, and Australia, which have been exempted from the tariffs, may see increased demand for their steel and aluminum products in the U.S. market.
3. Recyclers and Secondary Producers: With the increased cost of imported steel and aluminum, recyclers and secondary producers may find it more cost-effective to use scrap materials to produce new products.
Losers:
1. U.S. Businesses Dependent on Imported Steel and Aluminum: Industries that rely heavily on imported steel and aluminum, such as automakers and construction companies, may face higher production costs and reduced competitiveness in the global market.
2. Consumers: Higher prices for steel and aluminum products could lead to increased costs for consumers, affecting a wide range of industries from automobiles to canned goods.
3. Global Trade Relations: The tariffs have already sparked concerns about a potential trade war, with countries like China and the EU threatening retaliation. This could lead to higher tariffs on U.S. exports and disrupt global trade relations.
In conclusion, while the tariffs may benefit certain domestic industries, they also have the potential to harm U.S. businesses and consumers, as well as disrupt global trade relations. The long-term impacts of this move remain uncertain, but it is clear that the global economy is likely to see both winners and losers as a result of Trump’s steel and aluminum tariffs.
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Steel and aluminum tariffs: winners and losers
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Trade war fallout: winners and losers
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An all-digital future may still be far away for Sony, as the PlayStation 6 will likely not be a completely discless console, according to SIE Worldwide Studios’ former CEO Shawn Layden.
In a new interview with KiwiTalks, the former PlayStation executive commented on the PS6, saying that he doesn’t think Sony can get away with releasing a discless console. Xbox has had more success in this strategy as they are mostly successful in markets such as the US, Canada, Australia, and New Zealand, where conditions were better suited for the jump. Sony, on the other hand, is the number one platform in around 170 countries around the world, and has an obligation to evaluate how many of the markets they are successful in would be able to make the jump into an all-digital future. In addition, the former executive also highlighted how PlayStation consoles are popular in military bases, where there’s often no internet connection, and with athletes who bring the systems with them to hotels, where downloading tens, if not a hundred plus, gigabytes would be extremely inconvenient. With their market being so huge, Shawn Layden ended, it will be hard for them to release a completely discless PlayStation 6.
The PlayStation 6 has yet to be officially announced, but work on the new console has unsurprisingly already started. The new system, like its two immediate predecessors, will be powered by AMD hardware, although Intel did try to produce the system. The design of its SoC is complete and already in the pre-silicon validation phase. According to other rumors, there are two different SoCs in the works, and one of them is said to be more affordable, which will possibly power a less powerful variant of the system like a handheld.
In a recent interview with PlayStation’s former chairman, Shawn Layden, it has been revealed that the highly anticipated PlayStation 6 won’t be a completely discless console. Despite the growing trend towards digital downloads and streaming services, Sony is mindful of its huge global market and the importance of physical media in certain regions.
Layden explained that while digital sales are on the rise, there are still many parts of the world where internet infrastructure is not yet sufficient to support a fully digital gaming experience. Additionally, there are players who prefer to collect physical copies of games or share them with friends and family.
This decision reflects Sony’s commitment to providing options for all types of gamers and ensuring that the PlayStation brand remains accessible and relevant worldwide. While the PlayStation 6 will likely offer a range of digital features and services, including backwards compatibility and cloud gaming, it will also support physical discs for those who prefer or rely on them.
It’s clear that Sony is taking a thoughtful and inclusive approach to the development of the PlayStation 6, considering the diverse needs and preferences of its global audience. Stay tuned for more updates on this exciting new console!
U.S. Treasury yields were mixed on Monday as investors weighed U.S. President Donald Trump’s new tariffs on goods from key trade partners and their impact on the economy.
One basis point is equal to 0.01%, and yields and prices move in opposite directions.
Investors are weighing the impact of tariffs on trade partners, with Trump signing an executive order on Saturday imposing 25% tariffs on imports from Mexico and Canada and a 10% duty on China. The U.S. does roughly $1.6 trillion in business with the three countries.
Canada has responded by threatening its own tariffs on the U.S., while Mexico is looking to impose levies on U.S. goods, and the Chinese government is filing a lawsuit with the World Trade Organization.
Investors can also expect a slew of manufacturing and jobs data through the week. The S&P Global US Manufacturing PMI and the Manufacturing ISM report will both be published on Monday and will offer insights into the health of the manufacturing sector.
On Tuesday, the Job Openings and Labor Turnover Survey, referring to all open positions on the last business day of the month, will be released. Investors will also monitor speeches from Federal Reserve Bank of Atlanta President Raphael Bostic and Fed Bank of San Francisco President Mary Daly.
The January nonfarm payrolls report will be out on Friday and will provide clarity about the employment picture for 2025. Economists polled by Dow Jones forecast that 175,000 jobs were added last month, while the unemployment rate is predicted to have remained unchanged at 4.1%.
Investors around the world are closely monitoring the potential impact of President Trump’s tariffs on global partners. With escalating trade tensions between the US and countries like China, Mexico, and the European Union, uncertainty in the markets is growing.
The imposition of tariffs on goods imported from these countries has already led to retaliatory measures, sparking fears of a potential trade war. Investors are concerned about the potential ripple effects on supply chains, consumer prices, and economic growth.
As the situation continues to unfold, investors are carefully evaluating their portfolios and considering the potential risks and opportunities that may arise from these tariffs. Many are also looking for ways to hedge against the volatility in the markets.
It remains to be seen how these trade tensions will be resolved and what impact they will have on the global economy. In the meantime, investors are bracing themselves for a bumpy ride as they navigate the uncertain waters of international trade policy under the Trump administration.
In today’s rapidly evolving business landscape, the role of IT outsourcing has become increasingly important for global businesses. The outsourcing of IT services has become a common practice for companies looking to reduce costs, increase efficiencies, and access specialized expertise. This trend has had a profound impact on the way businesses operate and compete in the global marketplace.
One of the key benefits of IT outsourcing for global businesses is cost savings. By outsourcing IT services to countries with lower labor costs, companies can significantly reduce their operating expenses. This allows businesses to allocate more resources to core business functions, such as research and development, marketing, and customer service. In addition, outsourcing IT services can also help companies avoid the high costs associated with hiring and training in-house IT staff.
Another major impact of IT outsourcing on global businesses is increased efficiency. By partnering with specialized IT service providers, companies can access the latest technologies and expertise without having to invest in expensive hardware and software. This allows businesses to stay ahead of the competition and adapt quickly to changing market conditions. Additionally, outsourcing IT services can help businesses streamline their operations and improve overall productivity.
Furthermore, IT outsourcing can also provide global businesses with access to a broader talent pool. By partnering with IT service providers from different countries, companies can tap into a diverse range of skills and experiences. This can help businesses drive innovation, improve problem-solving capabilities, and enhance overall performance.
Despite the numerous benefits of IT outsourcing, there are also some potential risks and challenges that global businesses need to be aware of. For example, outsourcing IT services to countries with different time zones and cultural norms can lead to communication and coordination issues. Additionally, outsourcing sensitive data and information to third-party providers can raise security and privacy concerns.
In conclusion, the impact of IT outsourcing on global businesses is undeniable. By leveraging the expertise and resources of specialized IT service providers, companies can reduce costs, increase efficiencies, and access a broader talent pool. However, it is important for businesses to carefully evaluate the risks and challenges associated with outsourcing and implement effective strategies to mitigate them. Overall, IT outsourcing has become a critical component of global business operations and will continue to shape the way companies compete in the digital age.
In today’s global economy, businesses are facing unprecedented challenges when it comes to managing supply chain disruptions and market volatility. From natural disasters to political unrest to economic downturns, there are a multitude of factors that can impact a company’s ability to operate effectively and efficiently.
Business continuity planning is essential for organizations looking to mitigate the risks associated with these disruptions and ensure resilience in the face of uncertainty. By developing a comprehensive strategy for managing supply chain disruptions and market volatility, businesses can better position themselves to weather the storm and emerge stronger on the other side.
One key aspect of business continuity planning is risk assessment. Businesses must identify and assess potential risks to their supply chain and market stability in order to develop effective strategies for managing and mitigating these risks. This can involve conducting thorough risk assessments, scenario planning, and stress testing to identify vulnerabilities and develop contingency plans.
Another important aspect of business continuity planning is building resilience into the supply chain. This can involve diversifying suppliers, developing alternative sourcing options, and implementing robust inventory management systems to ensure continuity of supply in the event of disruptions. By building redundancy and flexibility into the supply chain, businesses can better withstand unexpected shocks and disruptions.
In addition to supply chain resilience, businesses must also focus on managing market volatility. This can involve developing strategies for managing currency fluctuations, commodity price volatility, and geopolitical risks that can impact market conditions. By staying informed about market trends and developments, businesses can better anticipate and respond to changes in the business environment.
Communication is also key in managing supply chain disruptions and market volatility. Businesses must maintain open lines of communication with suppliers, customers, and other key stakeholders to ensure transparency and collaboration in times of crisis. By working together with partners and stakeholders, businesses can better coordinate response efforts and minimize the impact of disruptions on operations.
Overall, business continuity planning is essential for businesses operating in today’s global economy. By developing comprehensive strategies for managing supply chain disruptions and market volatility, businesses can better position themselves to withstand unexpected shocks and emerge stronger on the other side. By focusing on risk assessment, supply chain resilience, market volatility management, and communication, businesses can build resilience and agility into their operations, ensuring continuity and sustainability in the face of uncertainty.
Managing Service Level Agreements (SLAs) in a global business environment can be a challenging task. With different time zones, languages, and cultural differences, it is important to have a solid strategy in place to ensure that SLAs are met consistently. Here are some tips for successfully managing SLAs in a global business environment:
1. Clearly Define Expectations: One of the most important aspects of managing SLAs in a global business environment is to clearly define expectations upfront. Make sure that all parties involved understand the scope of work, timelines, and key performance indicators. This will help to avoid any misunderstandings and ensure that everyone is on the same page.
2. Use Technology to Your Advantage: In a global business environment, technology can be a valuable tool for managing SLAs. Use project management software, communication tools, and other technology solutions to help streamline processes and keep everyone connected. This will help to ensure that deadlines are met and communication is clear across different time zones.
3. Build Strong Relationships: Building strong relationships with your partners and stakeholders is crucial for successfully managing SLAs in a global business environment. Invest time in getting to know your team members and partners, and foster a culture of collaboration and trust. This will help to ensure that everyone is working towards the same goals and is committed to meeting SLAs.
4. Monitor Performance Regularly: It is important to monitor performance regularly to ensure that SLAs are being met. Use key performance indicators and metrics to track progress and identify any areas that may need improvement. Regularly review performance with your team members and partners to make adjustments as needed.
5. Communicate Effectively: Effective communication is key to successfully managing SLAs in a global business environment. Make sure that all parties involved are kept informed of any changes, updates, or issues that may arise. Use clear and concise communication to ensure that everyone is on the same page and working towards the same goals.
6. Be Flexible: In a global business environment, it is important to be flexible and adaptable. Circumstances may change, and it is important to be able to adjust your plans and strategies accordingly. Be open to feedback and willing to make changes as needed to ensure that SLAs are being met.
Managing SLAs in a global business environment can be a complex task, but with the right strategies in place, it can be done successfully. By clearly defining expectations, using technology, building strong relationships, monitoring performance regularly, communicating effectively, and being flexible, you can ensure that SLAs are met consistently and that your business is successful on a global scale.
Global IT outsourcing has become a common practice for many businesses looking to cut costs and access specialized skills. However, navigating cultural differences can be a significant challenge when working with teams from different parts of the world. Understanding and effectively managing these differences is crucial for the success of any outsourcing project.
One of the key aspects of navigating cultural differences in global IT outsourcing is communication. Communication styles, language barriers, and time zone differences can all impact the effectiveness of communication between team members. It is important to establish clear communication channels and protocols from the outset of the project to ensure that all team members are on the same page.
Cultural differences can also manifest in the way that tasks are approached and completed. For example, some cultures may prioritize hierarchy and authority, while others may value collaboration and consensus-building. Understanding these cultural differences can help to prevent misunderstandings and conflicts within the team.
Another important aspect of navigating cultural differences in global IT outsourcing is building trust and rapport with team members. Trust is essential for effective collaboration and communication, and it can be challenging to build trust when working with team members from different cultural backgrounds. Taking the time to get to know team members on a personal level, showing respect for their cultural norms, and demonstrating a willingness to learn from each other can help to build trust and foster a positive working relationship.
Additionally, cultural differences can also impact project management and decision-making processes. Some cultures may have a more hierarchical approach to decision-making, while others may prefer a more democratic or consensus-driven approach. Understanding these differences and finding a balance that works for all team members is important for the success of the project.
Overall, navigating cultural differences in global IT outsourcing requires a combination of awareness, empathy, and flexibility. By taking the time to understand and respect the cultural norms and values of team members from different backgrounds, businesses can create a more inclusive and productive work environment that benefits both the company and its outsourcing partners. With effective communication, trust-building, and a willingness to adapt to different cultural perspectives, businesses can successfully navigate the challenges of global IT outsourcing and achieve their project goals.
In today’s interconnected world, businesses of all sizes rely heavily on technology to operate efficiently. From cloud computing to cybersecurity, technical support plays a crucial role in ensuring that companies can navigate the complexities of the global market. However, providing effective technical support in a global market comes with its own unique set of challenges.
One of the main challenges of navigating technical support in a global market is the diversity of languages and cultures that businesses must cater to. With customers and employees spread across different countries and time zones, it can be difficult to provide round-the-clock support in multiple languages. This requires businesses to invest in multilingual support teams or outsource technical support services to providers who have the necessary language capabilities.
Another challenge is the varying levels of technical expertise among customers in different regions. While some customers may be highly tech-savvy and able to troubleshoot issues on their own, others may require more hand-holding and guidance. This means that businesses must tailor their technical support services to cater to the specific needs of each customer, providing different levels of support based on their technical proficiency.
Additionally, the rapid pace of technological advancements can make it challenging for businesses to keep up with the latest trends and updates. This is especially true in a global market, where different regions may have different regulations and standards that businesses must adhere to. To navigate these complexities, businesses must invest in ongoing training for their technical support teams to ensure they are up-to-date on the latest technologies and best practices.
Furthermore, the rise of remote work and distributed teams has made it even more challenging for businesses to provide seamless technical support. With employees working from different locations and using a variety of devices and software, technical support teams must be equipped to troubleshoot issues remotely and provide support across multiple platforms.
Despite these challenges, navigating the complexities of technical support in a global market is essential for businesses to stay competitive and meet the needs of their customers. By investing in multilingual support teams, ongoing training, and remote support capabilities, businesses can ensure that they are able to provide effective technical support to customers around the world.
In conclusion, navigating the complexities of technical support in a global market requires businesses to be adaptable, proactive, and customer-focused. By addressing the unique challenges of language barriers, varying levels of technical expertise, and rapid technological advancements, businesses can successfully navigate the global market and provide top-notch technical support to their customers.
In today’s fast-paced and technology-driven world, IT outsourcing has become a popular choice for businesses looking to stay ahead of the competition. The global landscape of IT outsourcing is vast and diverse, presenting both opportunities and challenges for organizations seeking to leverage external expertise and resources.
One of the key opportunities of IT outsourcing is the ability to access a wide pool of talent and expertise from around the world. By outsourcing IT services to countries with a strong technology infrastructure and skilled workforce, businesses can benefit from cost-effective solutions and innovative ideas that can help drive growth and success.
Additionally, IT outsourcing can also help businesses to focus on their core competencies and strategic initiatives, while leaving the technical aspects to experts in the field. This can lead to increased efficiency, productivity, and overall performance, as well as the ability to scale operations quickly and effectively in response to changing market demands.
However, while there are numerous benefits to IT outsourcing, there are also challenges that organizations must be aware of and address in order to maximize the potential of this approach. One of the main challenges is the risk of data security and privacy breaches, as outsourcing IT services to external providers can expose sensitive information to potential threats and vulnerabilities.
Furthermore, communication and cultural differences can also pose challenges when working with offshore outsourcing partners. It is essential for businesses to establish clear communication channels and protocols, as well as to understand and respect the cultural norms and practices of the countries they are outsourcing to in order to ensure successful collaboration and project delivery.
In conclusion, exploring the global landscape of IT outsourcing can present numerous opportunities for businesses looking to enhance their competitive edge and drive innovation. By leveraging external expertise and resources, organizations can benefit from cost-effective solutions, access to top talent, and increased operational efficiency.
However, it is important for businesses to be aware of the challenges and risks associated with IT outsourcing, such as data security concerns and communication barriers. By taking proactive steps to address these challenges and establish strong partnerships with outsourcing providers, businesses can maximize the benefits of IT outsourcing and achieve long-term success in today’s dynamic and competitive business environment.
Gladiator II has passed one final milestone at the global box office. Directed by Ridley Scott, Gladiator II takes place years after Maximus’ death and focuses on his son Lucius (Paul Mescal), who must enter the Colosseum after the powerful emperors of Rome conquer his home. The first movie, also directed by Scott, was a major success both critically and financially, winning five Academy Awards, including Best Picture. Despite its predecessor’s acclaim, Gladiator II received more mixed reviews, with many praising its performances and visuals, while others felt it didn’t capture the same essence as the original.
According to Box Office Mojo, Gladiator II has officially earned $460.5 million worldwide, achieving what will likely be its last milestone at the box office. It’s a solid total, but it does just fall short of the first film, which earned $465.5 million worldwide. However, the first film’s box office total includes its various re-releases, which provided additional revenue over the years.
What This Means For Gladiator II’s Box Office
Gladiator II Could’ve Flown Higher
The $460 million global total for Gladiator II means that, ultimately, it might not be that profitable thanks to its estimated budget of $250 million. It also falls short of surpassing the original film’s complete earnings. When accounting for the additional re-release figures as well, Gladiator‘s financial edge becomes clear, as the sequel hasn’t yet had the chance to reconnect with audiences. Nevertheless, Gladiator II shows that even an eagerly anticipated sequel may struggle to replicate the staying power of its predecessor.
Movies generally have to earn 2x its budget to be considered a financial success. In the case of a $250 million budget, that would be closer to $500 million.
In comparison to other films released around the same time in 2024, such as Moana 2and Wicked, Gladiator II’s performance aligns closely with the broader box office trends for major 2024 releases. Other films that performed similarly include Venom: The Last Dance and Sonic the Hedgehog 3. While it has managed to hold its ground, it has not been able to outperform the aforementioned titles. Though $460 million is a sizable total, especially in the years since the COVID-19 pandemic, one could argue Gladiator II‘s performance is ultimately underwhelming.
Our Take On Gladiator II’s Box Office Performance
Gladiator II Falls Behind Its Predecessor
While Gladiator II might not have surpassed the original’s overall success, it has still proven itself to be a lasting contender at the box office, especially considering the competitive nature of 2024. Additionally, it now has the chance to make up some ground by streaming on Paramount+, at least in terms of its overall audience size. With strong performances and visuals, Gladiator II’s ability to earn a decent global total is an achievement in itself, as this shows it has held on in the weeks since its release, even if it could’ve reached higher.
“Gladiator 2 Lands Its Final Global Box Office Milestone & It Comes Just Short Of the Original Movie’s Overall Total”
The highly anticipated sequel to the iconic film “Gladiator” has finally reached its final global box office milestone, but it falls just short of the original movie’s overall total. Despite this, “Gladiator 2” has still managed to captivate audiences worldwide and has proven to be a worthy successor to its predecessor.
The film, starring a new generation of actors including Russell Crowe’s son Tiberius, has garnered critical acclaim and has been praised for its stunning visuals, epic battle scenes, and emotional storytelling. Fans of the original film have flocked to theaters to see their favorite characters return to the big screen, and the box office numbers reflect the immense anticipation and excitement surrounding the sequel.
While “Gladiator 2” may not have surpassed the original movie’s box office total, it has certainly made its mark in the world of cinema and has solidified its place as a modern classic. With its powerful performances, breathtaking cinematography, and thrilling action sequences, “Gladiator 2” is a film that will be remembered for years to come.
Congratulations to the cast and crew of “Gladiator 2” for reaching this final global box office milestone, and we can’t wait to see what the future holds for this beloved franchise.
