Big news about steel! The U.S. put a tax on steel from China. This is affecting how much steel China can sell to the U.S. It's like a game of trade where countries try to get the best deals.
- China sells a lot of steel, but new rules make it harder to send it to the U.S.
- The U.S. tax will stop about $7 billion worth of Chinese steel sales.
- This could mean less money for Chinese steel companies.
- Other countries might also face more competition from China's steel.
| Fact | Number |
|---|---|
| U.S. steel tax | 25% |
| Approximate lost Chinese steel sales | $7 Billion |
| Drop in export orders | 20-30% |
