The goods facing higher prices from US metal tariffs
- A new 25% tax on steel and aluminum imports has been announced by President Donald Trump, affecting countries like Canada and Mexico, which will raise costs for U.S. Businesses wanting to import these metals.
- The Can Manufacturers Institute reported that 70% of steel used for food cans in the U.S. Is imported, warning that grocery prices for canned foods are likely to rise without tariff exemptions.
- Ford CEO Jim Farley stated that Trump's tariffs are causing significant costs and disruptions in the auto industry, potentially increasing car prices by $1,000 to $1,500 due to higher material costs.
- The National Association of Home Builders warned that the tariffs contradict efforts to make housing more affordable, likely leading to increased home prices for consumers.
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Total News Sources0
Leaning Left2Leaning Right1Center3Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 33%
C 50%
R 17%
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