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Kiplinger
Kiplinger
Business
Gabriella Cruz-Martínez

Steel Tariffs Double: What Trump’s 50% Hike Means for Soda, Housing Prices

Soda packaging are seen at the grocery store in Las Vegas, United States .

Trump’s latest sweeping tariffs on certain metals may broadly impact everyday goods, from certain foods in the grocery aisle to the price of your child’s bike.

On June 4, 2025, President Donald Trump signed an executive proclamation doubling tariffs on steel and aluminum imports to 50%, effective immediately. This sharp escalation is designed to further protect U.S. metal producers and comes amid ongoing global trade tensions.

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