Spike In Steel Tariffs Could Raise Grocery Prices

NEW YORK (AP) — President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles. The announcement of a staggering 50% levy on those imports has stoked fear that big-ticket purchases from cars to washing machines to houses could see major price increases. But those metals are so ubiquitous in packaging, they’re likely to pack a punch across consumer products from soup to nuts. Among those opposing the hiked tariffs is the Can Manufacturers Institute. It says American consumers will pay for those taxes in increased costs of canned goods.