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'Turned Washington on its ear': Why Trump tariffs could be good for Aussie company

'Turned Washington on its ear': Why Trump tariffs could be good for Aussie company


Published on 2025-02-17 09:21:25 - Couriermail
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  • BlueScope says it could be a major beneficiary of the 25 per cent tariff imposed by US President Donald Trump, even if China onsells its steel into Australia.

The article from News.com.au discusses how President Trump's decision to impose tariffs on steel and aluminum imports has unexpectedly benefited an Australian company, BlueScope Steel. The tariffs, aimed at protecting U.S. steelmakers, have led to a surge in steel prices globally, which has been advantageous for BlueScope. The company, which operates in both Australia and the U.S., has seen its shares rise significantly due to these market changes. BlueScope's CEO, Mark Vassella, highlighted that while the tariffs have "turned Washington on its ear," they've created a favorable environment for BlueScope by increasing demand for their products in the U.S. and potentially reducing competition from cheaper imports. This situation has not only improved BlueScope's market position but also sparked discussions on the broader implications of trade protectionism.

Read the Full Couriermail Article at:
[ https://www.news.com.au/finance/business/manufacturing/turned-washington-on-its-ear-why-trump-tariffs-could-be-good-for-aussie-company/news-story/3530e9d6ec47d77f17b88ecd31273f50 ]
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