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Trump's tariffs are already impacting prices, forcing businesses to reassess supply chains

The article from AOL Finance discusses how President Trump's tariffs on steel and aluminum are already affecting prices in the U.S. economy. Since the tariffs were announced, there has been an immediate impact on the cost of goods that use these metals, with companies like Mid Continent Nail Corporation announcing price increases due to the rising cost of steel. The article highlights that these tariffs are not only increasing the price of raw materials but are also expected to lead to higher costs for consumers on a range of products from cars to canned goods. Furthermore, there's mention of potential retaliatory tariffs from other countries, which could further complicate trade relations and increase costs. The piece also notes the uncertainty in the market as businesses and consumers alike try to predict the long-term effects of these trade policies.

Read the Full AOL Article at:
[ https://www.aol.com/finance/trumps-tariffs-already-impacting-prices-233404940.html ]