Here we go again... U.S. President Donald Trump says he will hike steel and aluminum tariffs to 50% starting June 4. Imports of both have been taxed at 25% since March 12. "Foreign-made steel and aluminum is used in household products like soup cans and paper clips as well as big-ticket items like a stainless-steel refrigerators and cars. Economists warn that the latest tariffs will significantly squeeze the wallets of both companies and shoppers alike," says @AssociatedPress.
Everyone should consider the value of metals like #gold#copper#steel#Aluminum have doubled in the last few years.
The cost of everything was trending up since #covid.
We are in a new world economy of #inflation for longer than expected. A new normal. #premarket #investing
Vintage ad for the Aluminum Company of Canada. An illustration of a domestic scene with two middle-aged men in a kitchen. One is frying eggs on a pan while examining a bag of potato chips. The other is rummaging through a fridge while listening to the first man. Tagline reads: "Look what they're doing with Aluminum!"