Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Internewscast Journal
  • Home
  • US News
  • Local News
  • Health
  • People
  • Guest Post
  • Support Our Cause
Home Local news Rising Steel Tariffs May Undermine Trump’s Pledge for Cheaper Groceries
  • Local news

Rising Steel Tariffs May Undermine Trump’s Pledge for Cheaper Groceries

    Spike in steel tariffs could imperil Trump promise of lower grocery prices
    Up next
    Ivy League grad Bill Maher delivers unsettling truth bomb
    Ivy League Graduate Bill Maher Shares Provocative Insights
    Published on 31 May 2025
    Author
    Internewscast
    Tags
    • Andreas Waldkirch,
    • Business,
    • Could,
    • David McCall,
    • Donald Trump,
    • grocery,
    • imperil,
    • lower,
    • Matt Sedensky,
    • prices,
    • promise,
    • Robert Budway,
    • spike,
    • steel,
    • tariffs,
    • Trump,
    • U.S. news,
    • Usha Haley
    Share this @internewscast.com
    FacebookXRedditPinterest

    NEW YORK – President Donald Trump’s doubling of tariffs on foreign steel and aluminum could hit Americans in an unexpected place: grocery aisles.

    The announcement on Friday of a massive 50% levy on those imports has sparked concern that large purchases, from automobiles to washing machines and homes, might experience significant price hikes. Since these metals are extensively used in packaging, they are likely to impact consumer products across the board, from canned goods to snacks.

    “Increasing grocery prices would be a part of the cascading effects,” says Usha Haley, a trade specialist and professor at Wichita State University, who mentioned that the tariffs could elevate costs throughout various industries and further strain relationships with allies, “without supporting a long-term revival of U.S. manufacturing.”

    Trump’s return to the White House has been accompanied by an unparalleled wave of tariffs, with levies being threatened, imposed, and frequently withdrawn in such a rapid succession that it’s difficult to track. He asserted that the latest tariff increase was essential to “further bolster the steel industry in the U.S.”

    That promise, though, could be at odds with his pledge to reduce food costs.

    Rising grocery prices, Trump has said, were among the biggest reasons voters swung his way. A look around a supermarket makes clear how many products could be impacted by new taxes on steel and aluminum, from beer and soda to dog food to can after can of beans, fruit, tomato paste and more.

    “It plays into the hands of China and other foreign canned food producers, which are more than happy to undercut American farmers and food producers,” insists Can Manufacturers Institute president Robert Budway. “Doubling the steel tariff will further increase the cost of canned goods at the grocery store.”

    Budway says production by domestic tin mill steel producers, whose products are used in cans, have dramatically decreased in recent years, making manufacturers reliant on imported materials. When those prices go up, he says, “the cost is levied upon millions of American families.”

    Food companies were already warily assessing the administration’s tariffs before the latest hike, which Trump said would go into effect on Wednesday. The Campbell Co., whose soup cans are a staple for millions of Americans, has said it was working to mitigate the impact of tariffs but may be forced to raise prices. ConAgra Brands, which puts everything from cans of Reddi-Whip to cooking sprays like Pam on supermarket shelves, likewise has pointed to the impact steel and aluminum tariffs have.

    “We can’t get all of our materials from the US because there’s no supply,” ConAgra CFO David Marberger said at a recent Goldman Sachs conference on global staples.

    Beyond the obvious products — canned foods like tuna, chicken broth and cranberry sauce — economists warn of a spillover effect that tariffs can have on a gamut of items. If the cost to build a store or buy a truck to haul food rise, the prices of products may follow.

    Most Americans will never buy a tractor, but Babak Hafezi, who runs a global consulting firm and teaches international business at American University, says a price spike in such a big-ticket item vital to food production will spill down to all sorts of other items.

    “If a John Deere tractor costs 25% more, consumers pay the price for that,” Hafezi says. “This trickles down the economy and impacts every aspect of the economy. Some of the trickling is immediate and others are slower to manifest themselves. But yes, prices will increase and choices will decrease.”

    Trump appeared before a crowd of cheering steelworkers to unveil the new tariffs at a rally outside Pittsburgh. In a statement, David McCall, president of the United Steelworkers International union, called tariffs “a valuable tool in balancing the scales” but “wider reforms of our global trading system” are needed.

    It may be harder to gauge the weight of tariffs on, say, a can of chickpeas versus that of a new car, but consumers are likely to see myriad indirect costs from the levies, says Andreas Waldkirch, an economics professor at Colby College who teaches a class on international trade.

    “Anybody who’s directly connected to the steel industry, they’re going to benefit. It’s just coming at a very high cost,” Waldkirch says. “You may get a few more steel jobs. But all these indirect costs mean you then destroy jobs elsewhere. If you were to add that all in, you come up with a pretty large negative loss.”

    ___

    Matt Sedensky can be reached at msedensky@ap.org and https://x.com/sedensky

    Copyright 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

    Share this @internewscast.com
    FacebookXRedditPinterest
    You May Also Like
    Here's who has been impacted by the AWS outage 
    • Local news

    Find Out Who Was Affected by the Recent AWS Outage

    On Monday, numerous popular online services faced disruptions as Amazon Web Services…
    • Internewscast
    • October 21, 2025
    Santos's fines, restitution wiped out by Trump clemency order
    • Local news

    Trump’s Clemency Erases Santos’s Fines: A Controversial Move Unpacked

    Former Representative George Santos from New York will not be obligated to…
    • Internewscast
    • October 21, 2025

    Study Reveals Tennessee’s High Exposure to Tariff Impacts

    NASHVILLE, Tenn. (WKRN) — According to a recent analysis by the Pew…
    • Internewscast
    • October 21, 2025

    Alarming Surge in Homelessness: Greene County Faces Growing Crisis as Organizations Sound the Alarm

    GREENE COUNTY, Tenn. — Recent reports from the Coalition Addressing the Needs…
    • Internewscast
    • October 21, 2025

    Tragic Loss in the Chess World: Grandmaster Daniel Naroditsky Passes Away at 29

    Daniel Naroditsky, a distinguished chess grandmaster who captivated many with his skill…
    • Internewscast
    • October 21, 2025
    Texas Tech says tortilla throwing is no longer allowed
    • Local news

    Texas Tech Implements Ban on Traditional Tortilla Toss at Events

    In Lubbock, Texas, Kirby Hocutt, the Director of Athletics at Texas Tech,…
    • Internewscast
    • October 21, 2025
    Police officer, another driver killed in crash on I-8 in San Diego
    • Local news

    Tragic Collision on I-8 in San Diego Claims Lives of Police Officer and Civilian Driver

    In a tragic turn of events, all eastbound lanes on a segment…
    • Internewscast
    • October 21, 2025
    Clearwater police remove 5-foot boa constrictor from woman's car: 'Another day in Florida'
    • Local news

    Clearwater Police Safely Extract 5-Foot Boa Constrictor from Local Woman’s Vehicle

    In an unusual twist of events in Clearwater, Florida, the local police…
    • Internewscast
    • October 21, 2025
    Pilots mistakenly thought someone was trying to breach cockpit during American Airlines flight
    • Local news

    American Airlines Pilots Mistake Misunderstanding for Cockpit Security Threat

    In a surprising incident on Monday, a flight destined for Los Angeles…
    • Internewscast
    • October 21, 2025
    Passengers seek updates on their delayed flight at Louis Armstrong New Orleans International Airport, Aug. 6, 2025, in Kenner, La. (Jack Brooks, Associated Press)
    • Local news

    Rising Flight Delays and Cancellations Intensify Legislative Pressure Amid Shutdown Concerns

    The recent wave of delays at some of the country’s busiest airports…
    • Internewscast
    • October 21, 2025
    Escaped inmate captured after jumping out of jail transport van
    • Local news

    Escaped Inmate Recaptured After Daring Leap from Jail Transport Van

    A man described as a serious violent felon is once again in…
    • Internewscast
    • October 22, 2025
    Federal prosecutors charge man accused of threatening to shoot up Atlanta airport
    • Local news

    Atlanta Airport Threat: Federal Prosecutors Take Action Against Suspect in Chilling Shooting Plot

    ATLANTA – On Tuesday, federal prosecutors filed charges against a Georgia man,…
    • Internewscast
    • October 22, 2025
    Real story of Jim Carrey's downfall, lover's suicide and autism 'cure'
    • News

    The Untold Journey of Jim Carrey: Personal Struggles, Tragic Loss, and Controversial Views on Autism

    France is known for charting its own course, particularly in the realm…
    • Internewscast
    • October 22, 2025
    Federal prosecutors charge man accused of threatening to shoot up Atlanta airport
    • Local news

    Atlanta Airport Threat: Federal Prosecutors Take Action Against Suspect in Chilling Shooting Plot

    ATLANTA – On Tuesday, federal prosecutors filed charges against a Georgia man,…
    • Internewscast
    • October 22, 2025
    According to clinical nutritionist, Gina Urlich, everyday seed oils could be slowly wrecking our health - and they're in everything from fast food takeaways and salad bar dressings to supermarket breads and even so-called 'healthy' snacks
    • AU

    Clinical Nutritionist Reveals the Common Kitchen Staple She Steers Clear Of

    Many of us might casually pour a bit of oil into the…
    • Internewscast
    • October 22, 2025
    Wild weather in Victoria
    • AU

    Victoria and SA Prepare for Intense Cyclonic Winds and Severe Weather Conditions

    Residents throughout south-east Victoria, including those in Melbourne, are bracing for…
    • Internewscast
    • October 22, 2025
    Internewscast Journal
    • Home
    • Privacy Policy
    • DMCA Notice
    • Terms and Conditions
    • Guest Post
    • Support Our Cause
    Copyright 2023. All Right Reserverd.