large let s take a look at why the levies are not going down well with american trade experts nor the country s allies when american steel makers enjoy about one hundred forty thousand people but steel consuming manufacture is so companies using that steel and much bigger they employ six point five million people instead now the new tariffs mean much bigger produces will suffer for the benefit of relatively small steel industry so the protective tariffs may be a shot at china s overcapacity but it s america s biggest allies that could end up taking most of the flack just take a look at this canada is the biggest exporter of steel city united states followed all not least by the european union brazil when it comes to china it s their number eleven and the impact on allies will certainly be big because europe s steel association you re very fast says that could slash american imports of european
overcapacity but it s america s biggest allies that could end up taking the most flack let s take a look canada for example is the biggest exporter of steel in the united states followed by the european union you can see here brazil china for example it s all the way down the bottom of this list at position eleven now the impact on allies will be big europe is the europe steel association rather your affair says that could slash american imports of european steel which was valued at a five billion euros last year so if that does happen the likes of big industrials like german car makers could be the first victims and steel tariffs will hit partners but a global trade war is the ultimate nightmare scenario and among those german companies which we are talking about is the industrial giant zeman is now is coming off the back of a turbulent week it shares lost three percent of the value off to trump s tariffs
benefit of what is a relatively small steel industry so the protective tariffs may be shot at china s overcapacity but it s america s biggest allies that could end up taking the most flack let s take a look canada for example is the biggest exporter of steel in the united states followed by the european union you can see here brazil china for example it s all the way down the bottom of this list at position eleven now the impact on allies will be big europe is the europe steel association rather your affair says that could slash american imports of european steel which was valued at a five billion euros last year so if that does happen the likes of big industrials like german car makers could be the first victims and still terrorists will hit partners but a global trade war is the ultimate nightmare scenario and among those german companies which we are talking about is the industrial joint zeman is now is coming