The 25% tariffs on all steel and aluminum imports imposed by President Donald Trump could have far-reaching effects on manufacturers, consumers, and industries across the country. From construction to autos, appliances, and aviation, many sectors rely heavily on these metals.
The construction industry, which accounts for one-third of U.S. steel shipments, is particularly vulnerable. Contractors are trying to lock in prices ahead of the tariffs, but prolonged uncertainty may lead to higher costs and reduced investment in big projects. Small business owners like JA&M’s Annie Mecias-Murphy face difficulties contending with rising costs.
Steel cans, tin mill steel used for packaging, also bear the brunt of the tariffs. The U.S. imports 70% of its tin mill steel, and experts warn that manufacturers may need to raise prices due to reduced supply.
Automakers like Ford, GM, and Stellantis are less directly affected since they produce a significant portion of their vehicles domestically. However, smaller brewers like those represented by the Brewers Association risk increased costs for aluminum cans, which could impact the craft beer industry.
Appliance manufacturers, such as Whirlpool, appear more insulated due to locked-in contracts for raw materials, including steel. But retailers like Abt may see price increases for countertop products.
The aviation industry is concerned about the potential impacts on its supply chain and national security. The Aerospace Industries Association is investigating mitigation strategies to minimize the effects of new tariffs.
As the tariffs take effect, industries will need to adapt to changing costs and production challenges.
Source: https://fortune.com/2025/03/12/trumps-25-tariffs-on-steel-and-aluminum-imports-force-up-prices-for-american-necessities-from-soda-cans-to-airplanes