The U.S. just cranked up import tariffs on steel to 50% (from 25%) and aluminum to 50% (from 10%), leaving Germany's industries scrambling. The move aims to boost American production, but experts warn it might backfire. 🌍⚖️
Can U.S. Production Keep Up?
Marius Baader of Aluminium Deutschland says U.S. factories lack the capacity to meet demand. "Aluminum isn't just soda cans—it's high-tech," he explains. "Building quality takes time, and tariffs could hit consumers' wallets." 💡📉
Consumer Costs Loom
With U.S. industries needing "lead time" to scale up, imports remain crucial. Baader warns: "Someone’s gotta pay those tariffs—and it’ll likely be everyday Americans." Will this policy spark a trade war? Stay tuned. 🚨🛒
