U.S. Tariffs Spark Import Price Surge, Consumers Foot the Bill
50% steel and aluminum tariffs in the U.S. drove import prices up from June to July, and businesses and consumers are bearing the extra cost.
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As US Steel & Aluminum Tariffs Rise, Consumers Foot the Bill
New US tariffs on steel and aluminum imports hit consumers’ wallets as levies double to 50% on 407 products, driving up prices on gadgets, cars and more.