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Founder & Head of Research, Fortress Hill Advisors

Alex Ng

Founder & Head of Research

Fortress Hill Advisors

Founded in Hong Kong in 2019, Fortress Hill Advisor seeks to provide premium economic and financial researches.

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Macroeconomics

<ul>
<li>The 25% Steel and Aluminum tariff could have small to modest adverse inflation and GDP growth impacts on the U.S., but reciprocal and more product tariffs create trade policy uncertainty. </li>
<li>This could amplify the impact of the cumulative tariffs under president Trump’s administration.</li>
<li>President Donald Trump 25% tariffs on all steel and aluminium imports from March 12 has no exemptions, though Trump did hint at an exemption for Australia on U.S. aircraft imports. </li>
</ul>


The 25% Steel and Aluminum tariff could have small to modest adverse inflation and GDP growth impacts on the U.S., but reciprocal and more product tariffs create trade policy uncertainty. 
This could amplify the impact of the cumulative tariffs under president Trump’s administration.
President Donald Trump 25% tariffs on all steel and aluminium imports from March 12 has no exemptions, though Trump did hint at an exemption for Australia on U.S. aircraft imports. 


Trump’s Tariffs: Steel First, and Then Reciprocal and Finally Cars