Three American goods that can pay more ncvrs.com

The 25% tax must be levied for all imports of steel and aluminum to the United States, ending the exemptions of larger commercial partners, including Canada, Mexico, Brazil and the European Union.

The measures of expanded tariffs announced by President Donald Trump, which are expected to come into force next month, mean that many American businesses want to bring metals into the country must pay more.

But there is a risk that companies will transfer the added costs or part of it to consumers.

Since steel and aluminum are key parts in many goods, what objects can be more expensive?

The Steel used from countries such as Germany, the Netherlands and Canada, the steel from countries, such as Germany, Germany), is approx. 70%, for example, comes from Germany.

After Trump ordered the steel tariffs in 2018, many box makers received “exclusions” from these imports, due to the objections of steel manufacturers, in view of the limited production of the steel type used in the United States.

Since then, steel manufacturers have further reduced production and prices have been raised, warning CMI that sent a letter to Trump administration earlier this month, signed by large food companies, including General Mills, Del Monte and Goya.

Robert Budway, president of CMI, said that without exemptions, CAN manufacturers are likely to rise in the price of steel tariffs, and the price of food stores manufactured in the United States is likely to rise.

“Although the president thinks these tariffs protect the steel industry, they will probably undermine our food safety and the resistance of American canned food on which Americans rely on every day,” Budway said.

Aluminum brewers and sparkling drinks, such as Coca-Cola makers, have also warned that the move would increase costs and may result in higher prices for customers.

“We check enough variables to adapt and relieve the way to happen,” said Coca-Cola CEO James Quincey to investors this week.

Trump said that this time there would be no exemption from the rules, neither products or countries, but some sectors hope to return from this position.

After Trump’s first cycle raised customs tariffs on steel and aluminum, motor vehicle manufacturers, including Ford and General Motors, warned that measures would add about $ 1 billion to all their costs.

Morningstar estimates that tariff costs will result in approximately 1%or $ 300 price increase for customers at that time.

David Whiston, an analyst at Morningstar, warned that this time Ford could show a similar cost increase, but said it was not clear how consumers would affect.

Affordability pressure in a market where sales are not yet returned to the 2019 level can limit the transfer of costs by companies.

But he said it was still “realistic” to expect some costs of metal tariffs to extend to customers.

At the same time, he noted that the reporting of Tariffs for all goods imported from Canada and Mexico, currently, would now have a much greater impact on customers by March.

At a business conference, Jim Farley, CEO of Ford, warned that Trump’s recent steps had “a lot of costs and a lot of chaos”.

TD Economics estimates that cars can rise by about $ 3,000 at the price if the cover tariffs of Mexican and Canada are entered into force.

The construction industry, as a sector, is one of the largest steel users that developers and house builders require everything up to the construction frames to the devices.

Carl Harris, president of the National Association of House Builders, said the decision to set the customs tariffs for steel and aluminum “completely offset” Trump’s stated goal of making housing more afford .

“Finally, consumers pay these tariffs in the form of higher home prices,” he warned.

The National Association of House Builders urged the president to exempt the building materials from the proposed tariffs.

After Trump led the steel tariffs in 2018, the Whirlpool device manufacturer costs unexpected costs of $ 350 million and claimed that steel prices were leading.

Companies that cannot absorb such costs would probably be passed on to higher prices in stores.