US EditionSpike in steel tariffs could imperil Trump promise of lower grocery prices
- On Friday, President Donald Trump announced that he increased import duties on steel and aluminum products from other countries to 50 percent within the United States.
- The tariff hike aims to secure the domestic steel industry amid a complex and changing trade policy environment marked by previous threats and reversals.
- The increased tariffs are expected to raise costs for consumer goods, including canned foods and packaging materials, due to reliance on imported metals.
- Trade expert Usha Haley noted that increasing food prices are among the indirect consequences of tariffs, which may also lead to higher expenses in various sectors and put pressure on relationships with allied countries.
- The tariffs could contradict Trump’s pledge to lower food prices by increasing expenses for millions of American families and potentially limiting product choices.
52 Articles
52 Articles
Two months after Liberation Day, Maryland farmers remain largely unaffected — but fears remain
WASHINGTON — President Donald Trump’s blanket tariffs caused concern among Maryland’s agricultural industry when first announced. Many feared the repercussions of a trade war would land on farmers, as happened in 2018. But while many remain concerned about the future impact of tariffs, some in the industry say their operations have so far avoided a financial sting. “At this point, I don’t think we see an impact, positive or negative,” David Burr…
Spike in steel tariffs could imperil promise of lower grocery prices
NEW YORK — President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles. The announcement Friday of a staggering 50-percent levy on those imports stoked fear that big-ticket purchases from cars to washing machines to houses could see major price increases. But those metals are
Rules to Win By
Democrats are putting a lot of their political chips on the message that Donald Trump’s radical tariff regime will raise consumer prices, tank the economy, and alienate voters. So far, that’s looking like a pretty good wager. But it’s also a risky one. If Trump continues to ease and modify his tariff policies, it’s possible that the economy won’t fall into recession and inflation won’t be at intolerable levels by the time the 2026 midterms roll …
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