Trump tariffs to smack iron ore

David Llewellyn-Smith

Wednesday 12 February 2025

So says ANZ.

The US produces around 80mt of crudes teel, which falls short of its consumption needs by 25-30mt.

Its import reliance is around 12-15% of apparent consumption.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.