The increase in steel and aluminum tariffs will push up prices of various goods, some by several thousand dollars.

The policy of the United States raising the import tariffs on steel and aluminum from 25% to 50% has taken effect. A business reporter from CNN said that steel and aluminum are used in the manufacturing of many products, including cars, trucks, household appliances, machinery, airplanes, construction materials, food and beverage cans. The canned food industry has warned that tariffs could lead to price increases at American grocery stores, with some estimating that the prices of cars and trucks could rise by at least $100 or even thousands of dollars.