The U.S. just cranked up tariffs on steel and aluminum imports to 50%—and the move is already backfiring. 🚨 Experts warn this could make cars, fridges, and other essentials pricier, while trading partners like Mexico and Canada prepare countermeasures. Here’s the tea. ☕
Price Hikes Hit Home 🚗💸
Your next car might cost $2,000–$4,000 more, says economist William Hauk. Why? Steel makes up 60% of a car’s weight, and tariffs could squeeze supply chains. Even your dishwasher isn’t safe—appliance prices could soar too. 🧊
Global Allies Push Back 🌎🤝
Mexican President Claudia Sheinbaum called the tariffs “unfair” and vowed to protect jobs, while Canada’s Unifor union warned of “lost jobs and economic instability.” The EU also slammed the move, saying it risks derailing trade talks. Talks of countermeasures are heating up! 🔥
What’s Next? 🤔
Mexico plans negotiations this week, threatening retaliatory steps if talks fail. Meanwhile, U.S. industries brace for higher costs. As economist Kyle Handley put it: “Fifty percent is incredibly high.” Will this tariff war cool down—or escalate? Stay tuned. 📈
