Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
A steel plant in Zelzate, Belgium. The European Steel Association has warned that the tariff increase could cause a flood of cheap foreign steel to be dumped into the E.U. market.
Companies that import steel for their products will now pay higher costs as a result of President Trump’s latest increase in tariffs on foreign steel and aluminum.
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