Who gets hit hardest by steel and aluminum tariffs?

Published On Feb 10, 2025, 4:41 PM

The article discusses the implications of new tariffs imposed on steel and aluminum imports by the U.S. government, noting that most U.S. manufacturers rely heavily on these imported materials. The increased tariffs could lead to higher costs for these manufacturers, whom many consumers may notice through higher prices on goods, such as cars and housing. Experts highlight that the manufacturing sectors using steel and aluminum stand to lose more jobs than those producing these materials due to the tariffs, projecting a net decrease in manufacturing employment and production. Principal sectors affected include automotive and housing, with anticipated price increases in various consumer goods like appliances and beverages due to rising costs associated with aluminum.