Trump's tariffs on steel and aluminum could raise these prices
In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.
Where does the US get its steel and aluminum from?
U.S. President Donald Trump substantially raised tariffs on steel and aluminum imports on Monday to a flat 25% "without exceptions or exemptions" in a move he hopes will aid the struggling industries in the United States but which also risks sparking a multi-front trade war.
Australia is “killing” the US aluminum market, a senior trade adviser to President Donald Trump said, in a potential blow to ...
Atlanta-based Coca-Cola said new tariffs on aluminum announced by the Trump administration will increase the cost of cans for its business of selling beverages in the U.S., but CEO James Quincey said ...
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Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and ...
The tariffs are anticipated to boost domestic steel and aluminum prices, increasing profitability for US producers. Reduced ...
Consumer advocate Clark Howard believes the trickle-down will take time and may not be as bad as some analysts fear.
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