Higher steel and aluminum costs would hit construction, auto, packaging, appliances, machinery, oil and gas, and electrical industries the hardest. Aluminum makes up around 80 percent of an airframe’s weight and—along with steel—a quarter of Coca-Cola packaging, meaning tariffs could make American planes and drinks pricier on the global market. Building a car, similarly, takes about half a ton of steel, so a 50 percent tariff
could add over $2,000 in production costs per vehicle.
President Trump doubled almost all aluminum and steel import tariffs, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic effects.
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