Trump's Steel and Aluminum Tariffs Set to Raise Costs Across Key U.S. Industries

The newly implemented 25% tariffs on steel and aluminum imports are expected to increase prices for construction, manufacturing, and consumer goods while straining supply chains.

The construction industry, which relies heavily on steel, faces higher material costs and uncertainty, potentially delaying large-scale projects.
Manufacturers of packaged goods, including Campbell and other food producers, warn of increased grocery prices due to higher costs for tin mill steel, 70% of which is imported.
Automakers such as Tesla and Detroit's Big Three may raise vehicle prices as domestic steel and aluminum producers struggle to meet demand, adding to inflation concerns for consumers.
Appliance makers and retailers are preparing for price hikes on products like dishwashers, coffee makers, and toasters, with some increases projected between 10% and 15%.
The aerospace and beverage industries express concerns over supply chain disruptions and higher costs for specialized materials, potentially impacting national security and small brewers.