From Bud Beer to Apple Macs, Trump’s proposed aluminum and steel tariffs have a widespread impact - News Summed Up

From Bud Beer to Apple Macs, Trump’s proposed aluminum and steel tariffs have a widespread impact


U.S. President Donald Trump says his proposed aluminum and steel tariffs are about putting America first, but they may affect all kinds of products people in the U.S. consume or use daily—from Bud Light to Hershey’s Kisses to Mac computers. Beer, soft drinks, candy, canned soup and even pharmaceuticals rely on aluminum for cans, wrappers and blister packs, and many electronics include the metal. Containers and packaging make up about 18 per cent of aluminum consumption in the U.S., according to Bloomberg Intelligence. Read more: Stocks fall as Trump announces tariffs on steel, aluminum. Take Apple Inc., which has many of its gadgets assembled in China, including phones with aluminum or steel edges.


Source: thestar March 02, 2018 01:30 UTC



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