Trump's tariffs on steel and aluminum 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, Miller added, citing a monthly government data release. Those price hikes far outpaced an overall inflation rate of around 2%.
Base metal prices rose, and copper spreads were wider after Trump set out plans for reciprocal tariffs on a country-by-country basis, in a move seen as an opening bid for negotiation.
Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and ...
Gold price surged to a fresh record past $2,900 Monday as President Trump announced 25% tariffs on steel and aluminum imports ...
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