How new steel and aluminum tariffs impact 200,000 US companies

President Trump's expanded Section 232 tariffs on steel and aluminum derivative products will impact U.S. manufacturers, affecting items like metal furniture, screws, aircraft parts, and door hinges.

An Altana analysis shows the impact is staggering compared to 2020 tariffs, with 15 times more companies affected, touching $350 billion in import transactions versus $17 billion previously. Key challenges include:

· The auto industry faces high exposure as the largest importer of aluminum products
· Nearly 200,000 U.S. companies conducted over 11 million affected import transactions in 2024
· Companies need product-level visibility to adjust sourcing strategies

Read the complete report here to learn more.