50% steel and aluminum tariffs take effect today. Here’s what could get more expensive.

The Trump administration has raised tariffs on aluminum and steel to 50%, a move that could significantly increase the costs of various consumer products, including cars, sports equipment, and canned goods. While the tariffs are designed to bolster domestic manufacturing, experts warn they may lead to higher prices as manufacturers typically pass on increased costs to consumers, potentially raising car prices by up to $3,000. This change may also negatively impact low-income households, which could be priced out of sports participation and face increased grocery costs.

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