The Impact of Steel & Aluminum Tariffs on Inflation

Steel prices are up 40% this year since tariffs were introduced:

Source: Torsten Sløk,  Deutsche Bank Securities

 

 

More on this later today . . .

 

When prices of imported steel and aluminum increase it will hurt states that are big importers of steel and aluminum, see chart below

Source: Torsten Sløk,  Deutsche Bank Securities

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