Wednesday, May 13, 2026

Trump's Big Beautiful Tariffs boost the cost of your groceries

 
Headline:  The New York Times, 

Peter Eavis reports on Trump's sabotage of the American economy:
Just over a year ago, Mr. Trump imposed high tariffs on steel to try to stifle imports of the metal and bolster domestic production. 
But imports of the kind of steel used to make cans surged in 2025, and American can makers say they will remain heavily dependent on foreign supplies — now made more expensive by the tariffs — for a long time. 
“We have to import all this tin plate,” said Scott Breen, the president of the Can Manufacturers Institute, referring to the thinly rolled steel that is coated with tin and used to make cans. “There’s not any more being produced here than there was before.” The institute is a trade group representing some of the largest can makers in the United States. 
Unlike some of Mr. Trump’s other tariffs, which have been overturned by courts, the steel levies have strong legal standing, according to scholars, which means they are unlikely to go away anytime soon. [emphasis added]

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