This data package includes the underlying data to replicate the charts, tables, and calculations presented in The US Revenue Implications of President Trump’s 2025 Tariffs, PIIE Briefing 25-2.

If you use the data, please cite as:

McKibbin, Warwick, and Geoffrey Shuetrim. 2025. The US Revenue Implications of President Trump’s 2025 Tariffs. PIIE Briefing 25-2. Washington: Peterson Institute for International Economics.

U.S. Tariff Impact on the Nano SSD Market

In April 2025, the Trump administration implemented a 10% baseline tariff on most imports, with higher rates applied to specific countries. Semiconductors, essential components in nano SSDs, were initially exempted; however, products containing them, like smartphones and laptops, were not.

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This policy has disrupted global supply chains, leading to increased production costs and potential delays in product availability. Companies are now exploring alternative sourcing options and investing in domestic manufacturing capabilities to mitigate risks associated with tariff-induced uncertainties.

Economic Impact

• Increased Production Costs: Tariffs have raised component prices by up to 25%, impacting profit margins.
• Supply Chain Disruptions: Global supply chains have been affected, leading to delays and increased costs.
• Investment Shifts: Companies are reallocating investments towards domestic manufacturing to mitigate tariff impacts.

Geographical Impact

• North America: Faces significant cost increases due to tariffs on imported components.
• Asia-Pacific: Potential growth as companies look to diversify manufacturing and reduce reliance on tariff-affected regions.
• Europe: Manufacturers may seek alternative markets or adjust supply chains to mitigate tariff impacts.

Business Impact

• Operational Challenges: Higher costs may result in reduced profit margins and operational efficiency.
• Strategic Reassessment: Companies may need to reevaluate sourcing and manufacturing strategies to navigate the new trade landscape.
• Market Entry Barriers: New entrants may face increased costs and regulatory hurdles due to tariffs.

Key Takeaways

• U.S. tariffs have increased production costs in the nano SSD market.
• Trade policy uncertainties are causing investment delays and supply chain disruptions.
• Manufacturers and retailers must adapt strategies to mitigate tariff impacts.

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According to Cognitive Market Research, the global Strontium market size will be USD 251.8 million in 2025. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 93.17 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 73.02 million.
APAC held a market share of around 23% of the global revenue with a market size of USD 60.43 million in 2025 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2025 to 2033.
South America has a market share of more than 5% of the global revenue with a market size of USD 9.57 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2025 to 2033.
Middle East had a market share of around 2% of the global revenue and was estimated at a market size of USD 10.07 million in 2025 and will grow at a compound annual growth rate (CAGR) of 5.8% from 2025 to 2033.
Africa had a market share of around 1% of the global revenue and was estimated at a market size of USD 5.54 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2025 to 2033.
Strontium nitrate is the fastest-growing segment of the global strontium market

Market Dynamics of Strontium Market

Key Drivers for Strontium Market

Increased Demand in Pyrotechnics and Fireworks Boost Market Growth

The use of strontium chloride in pyrotechnics and fireworks is a major source of market growth. Strontium chloride, which produces bright red flames, is widely used in fireworks displays and celebrations around the world. Countries with strong pyrotechnic traditions, such as China and India, experience high demand, particularly during major festivals and national holidays. For instance, the Indian government reported a 20% increase in firework sales during Diwali over the last five years, indicating a consistent demand for products containing strontium compounds. This demand is expected to continue and grow as these countries maintain cultural traditions centered on fireworks.

Growing Applications in the Healthcare Industry Boost Market Growth

Strontium chloride is becoming more widely used in the healthcare industry, particularly in dental products. Strontium chloride is a common active ingredient in desensitizing toothpastes, which helps to reduce tooth sensitivity by blocking the tubules that connect to dental nerves. Several companies, including major oral care brands, are incorporating strontium chloride into their formulations to meet the growing consumer demand for effective dental care products. According to a survey by the American Dental Association, 40% of adults report dental sensitivity, indicating a strong potential for continued growth in this application area as consumers seek tailored solutions.

Restraint Factor for the Strontium Market

Fluctuating Raw Material Prices Limit Market Growth

The strontium chloride market is facing challenges due to fluctuations in raw material prices. Strontium is a rare element that is commonly obtained from small deposits, primarily in China and Mexico. Price volatility in these regions has an impact on the overall production costs of strontium chloride, reducing manufacturers' profit margins. Geopolitical issues and trade restrictions can further disrupt supply chains, resulting in inconsistent material availability. According to the United States Geological Survey (USGS), supply constraints for rare earth elements such as strontium are likely to persist, potentially causing market instability and increasing production costs

Impact of Trump Tariffs on the Strontium Market

Tariff-induced increases in import costs have significant implications for strontium-dependent manufacturers in the United States. Because the United States relies heavily on imports from countries such as China and Mexico, the imposition of these tariffs has increased costs for manufacturers. This cost increase affects a variety of industries that use strontium in their products, including pyrotechnics, ceramics, and electronics

Tariffs have disrupted established supply chains, causing delays and shortages. Manufacturers are compelled to seek alternative sources, which may not match the quality or cost-effectiveness of previous...