Steel and aluminum tariffs have doubled to 50%, impacting US manufacturers. While domestic steel producers benefit, companies using steel face higher costs, potentially slowing construction and impacting various industries like auto parts and food packaging. The increased costs are predicted to lead to higher consumer prices. While some manufacturers are optimistic about increased domestic production, others express concern about unpredictable trade policies and the negative effect on economic growth and planning.

Prepared by Christopher Adams and reviewed by editorial team.