US EditionTrump Increases Tariffs on Steel and Aluminum, Which Will Likely Increase Consumer Prices
Tariffs on steel, aluminum, and copper imports now reach 50%, pushing automakers' material costs from 5% to 9% and raising inflation by 1.8%, officials said.
- The Trump administration expanded steel and aluminum tariffs on August 15 and imposed a 5% tariff on over 400 goods containing these metals, effective August 18 in the U.S.
- This expansion builds on the 2018 tariffs aimed at protecting domestic producers but surprised importers and intensified trade tensions, including with Canada.
- Automakers and manufacturers report major cost impacts, with Ford losing roughly $800 million in one quarter and GM expecting $4-5 billion in 2025 tariff-related expenses.
- Columbia Business School professor Rita McGrath noted many products rely on these metals, warning consumers will face rising prices as a result of tariff-induced cost increases.
- These expanded tariffs may restrict imports, raise production costs, and put upward pressure on U.S. inflation while prompting supply chain adjustments across multiple industries.
16 Articles
16 Articles
Trump Widens Metal Tariffs to Target Baby Gear and Motorcycles
(Bloomberg) — President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles and tableware. Customs brokers and importers in the US were given little notice to account for the change, which went into effect Monday and did not exclude goods in transit.
Trump Widens Metal Tariffs to Target Baby Gear and Motorcycles
President Donald Trump stunned the logistics industry on Friday by widening his steel and aluminum tariffs to include more than 400 consumer items that contain the metals, such as motorcycles and tableware. Customs brokers and importers in the US were given little notice to account for the change, which went into effect Monday and did not exclude goods in transit.
Trump increases tariffs on steel and aluminum, which will likely increase consumer prices
The Trump administration expanded tariffs on steel and aluminum imports on Monday.The move adds a 5% tariff rate on more than 400 goods with steel and aluminum components.This follows President Trump's announcement from May, doubling tariffs on those imported metals in an effort to protect domestic producers."We're going to bring it from 25% to 50%, the tariffs on steel into the United States of America," President Trump said at the time.The exp…
U.S. tariff expansion on steel, aluminum raises global trade risks, expert warns
The U.S. Commerce Department announced last week that it is extending its 50 percent tariffs on steel and aluminum imports to encompass hundreds of derivative products, a move that is set to deepen global supply chain risks.
Pots, bicycles and 400 other goods: Trump extends tariffs on metalThe USA has long since imposed a 50 percent tariff on steel and aluminum imports from other countries. But where the industry had expected it to be flat
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