The Trump administration just doubled the tariffs on steel and aluminum imports. Here’s what that means

The leap in tariffs likely won’t hit American pocketbooks immediately – but experts say that higher prices on construction projects, car lots, appliances and elsewhere are all but inevitable from the higher duties. And while the tariffs could protect steel manufacturing jobs, they could hurt employment in much larger industries.

Aluminum Association, the trade group for that industry, said it worried that the broad universal tariff could hurt it more than it helps as it cuts off the supply of raw aluminum from Canada many finishing mills in the United States depend upon. Those mills account for most of the jobs in the US aluminum industry.

Industries that use steel and aluminum also expressed concern. Can manufacturers warned that price hikes could even reach grocery store shelves.

The Can Manufacturers Institute, a trade group for the industry, said domestic can makers import almost 80% of tin mill steel due to the cut in domestic production of that type of steel. It said the increase in tariffs will “further increase the cost of canned goods,” such as food and drinks.

Car prices are going up.

My beer! Not my beer!

Does that mean we’ll be reopening the steel mills like the coal mines?

There is no way the US can gear up to the level of consumer goods manufacturing they had back in the 50s and 60s. This is a freaking pipe dream!

Trump is shooting us all in the foot. We should be looking at manufacturing for new technology particularly energy related such as solar, lithium battery development and tech hardware.

Republicans, who have railed against any kind of taxation for over 40 years, finally found a tax they love. But it’s the stupidest kind of tax you could conceive.

R8 Basically they want even lower taxes for the rich, and higher taxes for consumers by means of tariffs, which impact middle and working class the most.

It’s only been 44 years since Reaganomics. Give it more time for the riches to trickle down. Same with tariffs and tax cuts for the ultra wealthy.

Those steel mills weren't safe even in the 70s when I had two in my hometown (they both shut down). I don't know how they could be brought back without a massive injection of new investment.

Not gonna happen. I mean, can you see anyone from Gen Z working in a hot, dangerous, hazard-ridden steel mill?

I think not.