Cost Conscious: Steel & Aluminum Tariffs Will Raise Prices For Everything From Cars To Cans

The White House issued an executive order imposing new tariffs on all steel and aluminum imports. This action reinstated a 25% tariff on steel for all countries and elevated tariffs to 25% on aluminum. Tariffs on these metals will have a far-reaching impact on the price of many goods Americans use every day, as the United States imports one-quarter of its steel and half of its aluminum from foreign countries.

Here’s what experts say will get more expensive under these new steel and aluminum tariffs:

AUTOMOBILES:
The cost of a car could increase to as much as $12,000. ¹

BARBECUE GRILLS AND COOKERS:
The U.S. imported $3.6 billion worth of products in 2023. The price of a grill could increase by 25%. ²

PATIO FURNITURE:
Steel-reinforced outdoor furniture is expected to face significant price hikes. ³

HOUSEHOLD APPLIANCES:
Refrigerators, stoves and washing machines could increase in cost by 5-10%. ⁴

CANNED FOODS AND DRINKS:
Both steel and aluminum are used to manufacture cans, so a 25% tariff on these materials could make canned goods more expensive. ⁵

¹ “Car Prices Poised for $12,000 Surge on Trump’s New Tariffs,” Bloomberg, March 3, 2025

²“Value Of Stoves, Cookers, And Barbecues Imported To The United States from 2011 to 2023,” Statista, June 2024

³ “Household Items Homeowners Are Stocking Up On In Anticipation Of Tariffs,” House Digest, February 11, 2025

⁴ “Trump’s Tariffs On Steel And Aluminum Could Raise These Prices,” ABC News, February 11, 2025

⁵ “How Trump’s Tariffs On Steel And Aluminum Could Hit You At The Grocery Store,” NPR, February 20, 2025

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