There's nothing quite like dipping a chocolate chip cookie into a tall glass of…steel?
The Trump administration's 50 percent tariffs on imported steel and aluminum were expanded this week to cover hundreds of imports that plainly are not steel or aluminum. Among the items targeted by the new tariffs: dairy products like milk and cream, as well as gasoline and other fuels, fire extinguishers, baby strollers, furniture, engines, and motorcycles. In short, anything that contains steel or aluminum or that is (as with dairy products) transported or stored in steel or aluminum containers could now be subject to those massive import taxes.
"Auto parts, chemicals, plastics, furniture components—basically, if it's shiny, metallic, or remotely related to steel or aluminum, it's probably on the list," Brian Baldwin, vice president of customs for Kuehne+Nagel International, a logistics firm, wrote in a post on LinkedIn.
