Trump says steel tariffs will double
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U.S. homebuyers stand to bear the brunt of higher costs for builders from the new 50-percent tariffs on imported steel and aluminum.
President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.
Cars, cans and coffee tins are all poised to get more expensive, as 50 percent tariffs on steel and aluminum take effect.
The cost of imported aluminum and steel is going up. Food and beverage manufacturers in Washington are going to take a hit.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
President Donald Trump wrote in his executive order the higher tariffs would “more effectively counter foreign countries that continue to offload low-priced, excess steel and aluminum in the