U.S. tariffs could cause the prices of steel and aluminum cans to rise, an increase that may ultimately be passed on to consumers.
President Donald Trump has begun his second administration with a series of controversial moves and decisions.
Lavin said that “we’re in for a bit of bad news in the near term,” adding that the tariffs will also hurt the auto industry in the U.S.
Trump also said he planned to hold a separate news conference Tuesday or Wednesday to announce massive new reciprocal tariffs, which could match other countries’ tariffs on US goods dollar-for-dollar.
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Despite a slowing global economy, a combination of steady demand growth and limited supply-side flexibility has kept aluminum prices elevated. Read more ...