Duties of 25 percent on steel and aluminum will flow through to car buyers, beer drinkers, home builders, oil drillers and other users of metal goods.

President Trump plans to impose fresh tariffs on all aluminum and steel imports, seeking to curb China’s growing dominance in global trade. These six charts show the tariffs’ potential economic

After temporarily pausing tariffs on certain Mexican and Canadian products last week, President Donald Trump is going back to the well of protectionism.

Trump set a 25% tariff, essentially a tax, on any steel and aluminum coming into the United States. As a result, consumers could expect to pay more for a wide range of products, from appliances and automobiles to canned beverages and sporting goods.

CEOs of leading car companies in America, meanwhile, are concerned that Trump’s tariffs could upend an entire industry. “ What we’re seeing is a lot of cost, and a lot of chaos ,” said Jim Farley, CEO of Ford (F), while discussing the administration’s measures during an investment conference yesterday, as reported by CNBC.

President Donald Trump’s tariffs on steel imports this week are likely to wreak havoc on American auto manufacturing, industry leaders say

The comments came after the US president ordered a 25% import tax on all steel and aluminium entering the US, ending previous exemptions for allies including Canada and the EU and marking a major expansion of trade barriers.

Prices of industrial metals in the U.S. extended gains on Tuesday, reflecting the impact of U.S. President Donald Trump's 25% tariffs on steel and aluminium as industry will struggle to source enough domestic material.