Spike in steel tariffs could imperil Trump promise of lower grocery prices

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Spike in steel tariffs could imperil Trump promise of lower grocery prices

//travel-leisure.news-articles.net/content/2025/ .. peril-trump-promise-of-lower-grocery-prices.html

Published in Travel and Leisure on Sunday, June 1st 2025 at 12:06 GMT by Fortune
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

Those metals are so ubiquitous in packaging, they're likely to pack a punch across consumer products from soup to nuts.

312x156/109737 Bytes

The article from Fortune, dated June 1, 2025, discusses the impact of a proposed 50% tariff on steel imports by the Trump administration as part of an escalating trade war. The tariff aims to bolster the U.S. steel industry but is expected to significantly increase grocery prices due to the reliance of food packaging and processing on steel. Analysts predict that the cost of canned goods, appliances, and other steel-dependent products will rise, putting additional financial strain on American consumers already grappling with inflation. The article also highlights opposition from various industry groups and economists who argue that the tariffs could lead to retaliatory measures from other countries, further complicating global trade relations.

Read the Full Fortune Article at:
[ https://fortune.com/2025/06/01/steel-tariffs-50-percent-grocery-prices-trump-trade-war-us-steel/ ]