Recently, President Donald Trump announced new tariffs that could lead to higher prices for several American products. The tariffs impose a 25% tax on all imports of steel and aluminum into the United States. This decision ends previous exemptions for major trade partners such as Canada, Mexico, Brazil, and the European Union. As a result, many U. S. businesses that rely on these metals for their products will face increased costs. This situation raises concerns about how these added expenses might be passed on to consumers. Steel and aluminum are essential materials used in a wide range of goods, so it is important to consider which items might become more expensive as a result of these tariffs. One significant category that could see price increases is canned food and beverages. According to the Can Manufacturers Institute, approximately 70% of the steel used in the production of cans in the U. S. is imported from countries like Germany, the Netherlands, and Canada. When Trump first imposed tariffs on steel in 2018, many can manufacturers received exemptions from these import taxes, allowing them to continue producing cans without facing higher costs. However, the situation has changed, and steel manufacturers have reduced their production, leading to increased prices. Robert Budway, the president of the Can Manufacturers Institute, expressed concerns that without exemptions for can manufacturers, grocery prices for canned foods made in the U. S. are likely to rise. He emphasized that while the tariffs may be intended to protect the steel industry, they could undermine food security and the supply of canned goods that Americans rely on daily. Additionally, companies that produce beverages, such as Coca-Cola, have also warned that the tariffs on aluminum will lead to increased costs, which could ultimately result in higher prices for consumers. Another area that could be impacted by these tariffs is the automotive industry. After the initial tariffs on steel and aluminum were imposed, car manufacturers like Ford and General Motors warned that these measures would add significant costs to their operations. Morningstar, a financial services firm, estimated that the tariffs could lead to a price increase of around $300 for consumers purchasing new cars. David Whiston, an analyst at Morningstar, noted that Ford might face similar cost increases this time around, but it remains uncertain how much of these costs will be passed on to buyers. The current market conditions, where car sales have not yet returned to pre-pandemic levels, may limit the extent to which companies can raise prices. Ford's CEO, Jim Farley, highlighted the challenges posed by these tariffs, stating that they are causing considerable costs and chaos within the industry. Furthermore, TD Economics has estimated that if blanket tariffs on goods from Canada and Mexico are implemented, the price of cars could increase by approximately $3,000. Lastly, the construction industry is another sector that could feel the effects of these tariffs. Steel is a crucial material used in construction, from building frames to appliances. Carl Harris, the chairman of the National Association of Home Builders, expressed concerns that the decision to impose tariffs on steel and aluminum contradicts Trump's stated goal of making housing more affordable. He warned that these tariffs would raise costs and deter development and rebuilding efforts. Ultimately, consumers may bear the burden of these tariffs through higher home prices. The National Association of Home Builders has urged the president to exempt building materials from the proposed tariffs. In 2018, when steel tariffs were first imposed, appliance manufacturer Whirlpool experienced a significant increase in costs, amounting to $350 million, due to rising steel prices. Companies that cannot absorb these additional costs may have no choice but to pass them on to consumers through higher prices in stores.
AI驅動英語學習平台
VocabSphere 是一個創新的英語學習平台,提供針對不同熟練程度量身定制的適應性文章。我們的AI驅動系統通過引人入勝的真實內容,幫助學習者提高詞彙、閱讀理解和語言技能。
通過閱讀像這樣的文章,學習者可以擴展詞彙量,提高閱讀速度,並增強理解複雜英語文本的信心。每篇文章都經過精心策劃和調整,為各個級別的學生提供最佳的學習體驗。
"This means that companies that want to bring these metals from other countries will have to pay more money."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
"He believes that these tariffs are hurting food security in America."
This is a sample explanation that demonstrates why this sentence is considered good for English learning...
只有 iOS 或 Android 應用程式才能為您提供 VocabSphere 的全面功能,如遺忘曲線詞彙書、練習生成和個人學習進度監控。
立即下載,體驗完整的學習功能!
提升您的英語學習體驗
定制的文章和新聞以匹配學生的英語水平。獲取即時詞語翻譯、同義詞。輕鬆擴充詞彙。
VocabSphere運用遺忘曲線原理,幫助您高效記憶單詞。全面掌握每個詞語。您的個性化詞彙庫,隨時隨地可用。
從您的詞彙庫中創建自定義語法練習。練習不同詞性和句型。教師更可以生成和閱讀理解測驗和練習。