Steel Tariffs and Inflation

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Tariffs on Steel, Aluminum Double

Trump's hike of steel and aluminum tariffs could raise these prices

In the aftermath of steel and aluminum tariffs during Trump's first term, major appliances showed price increases of between 5% and 10% between June 2018 and April 2019, Jason Miller, a professor of supply chain management at Michigan State University, previously told ABC News, citing a monthly government data release.

MSNBC · 2d

'Our economy is likely going to suffer': Trump officially hikes tariffs on aluminum, steel to 50%

President Trump has officially hiked tariffs on aluminum and steel to 50% – despite growing warnings that his aggressive trade tactics could sharply curb U.S. growth and drive inflation higher. Charlotte Howard and Dan Nathan discuss on The 11th Hour.

The Washington Post · 2d

Businesses brace for steel and aluminum tariffs, which double today

Tariffs on steel and aluminum doubled to 50 percent Wednesday, adding higher costs and new uncertainty for businesses across the country that rely on metal imports for machinery, construction and ...

Trump, tariffs

The Economist · 1d

Trump’s tariffs have so far caused little inflation

Even before Donald Trump’s “Liberation Day” tariffs on April 2nd, the median estimate among the 48 who were surveyed by the University of Chicago’s business school was that Mr Trump’s levies would raise inflation in 2025 by 0.

Public Broadcasting Service (PBS) · 1d

What’s ahead for U.S. economy as global market reacts to Trump’s tariffs

The Congressional Budget Office released an analysis of the impact of President Trump’s tariffs. It projects current policies would reduce the deficit by $2.8 trillion over the next decade, but raise inflation and shrink the size of the economy.

CBS News on MSN · 1d

Trump tariffs would cut deficits by $2.8 trillion, shrink the economy, CBO says

President Trump's sweeping tariff plan would cut deficits by $2.8 trillion over 10 years while shrinking the economy, the nonpartisan Congressional Budget Office said.

Trump tariffs live updates: Trump, Xi Jinping speak at last as US and China lean on key exports in trade fight

President Trump and Chinese leader Xi Jinping spoke on Thursday, and both countries pledged to restart tariff and trade talks ...

Omaha.com1d

Trump increases tariffs on steel and aluminum, risking inflation on promise of more jobs

The tariffs carry inflation risks at a moment when voters ... Of the roughly 29 million net tons of steel imported into the United States last year, a little under 2% came from China.

The Financial Express2d

Trump imposes 50% tariffs on foreign steel, aluminum; Sparks inflation fears and global trade tensions

US President Donald Trump has declared a sharp increase in tariffs on foreign steel and aluminium, doubling the current 25% ...

11d

Tariffs, inflation worries loom. Lansing developments churning along for now

Building costs rose in the first quarter of 2025 by more than any four-month period in 2024, one cost index found.

3don MSN

Inflation slides to 1.9% in Europe, as worries shift from prices to Trump and tariffs

Inflation in the 20 countries that use the euro fell to 1.9% in May from 2.2% in April, helping clear the way for more ...

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