President Donald Trump's steep tariffs on steel and aluminum imports are now a reality. But for businesses that consume steel and aluminum, like automakers and beverage producers, it will likely mean higher prices. Here's a look at some of the US companies that may be hit by Trump's latest protectionist move. Anheuser-BuschThe aluminum used in beer cans is expected to get more expensive once the tariffs go into effect. Oil companiesMembers of the oil industry have warned that Trump's steel tariffs could derail the country's energy boom by raising prices on foreign steel, which oil companies use in drilling and production, as well as in pipelines and refineries.

Source: CNN March 08, 2018 20:36 UTC