The Trump administration has expanded its 50% tariffs on steel and aluminum imports, leading to a sharp decline in steel rebar futures to their lowest level in a month, below CNY 3,160. These tariffs have sparked growing frustration among U.S. trading partners, with exporters warning of deteriorating bilateral trade relations. The tariffs are also affecting consumer markets, notably increasing costs for coffee imports from Brazil, which has raised concerns among New York coffee shops about higher prices. Analysts note that the tariffs are not primarily targeting trade imbalances, as the highest taxes are imposed on imports from countries with which the U.S. has either a trade surplus or minimal deficit. There is speculation that the Trump administration may need to reconsider or reduce these tariffs due to their limited effectiveness and the negative impact on trade and prices.