Costs, chaos rising as metal tariffs pile up with no end in sight

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U.S. President Donald Trump imposed 25 per cent tariffs on Canadian steel and aluminum on March 12, raising significant concerns for a sector that exported around $35 billion of metal to the U.S. last year.

 

It's still not clear how much higher the tariffs will push consumer prices and translate into reduced demand, but industry insiders say the risks are building.

The aluminum tariffs alone add about $3,000 to the cost of an F150 truck, Aluminum Association of Canada CEO Jean Simard said. Add in the steel tariffs, and auto tariffs, and it means about $12,000 more in input costs.

 

https://www.msn.com/en-ca/money/topstories/costs-chaos-rising-as-metal-tariffs-pile-up-with-no-end-in-sight/ar-AA1DiJGW