How far will newly expanded US tariffs ripple through the economy? The Trump administration just broadened 50% steel and aluminum tariffs to 407 more product categories—from fire extinguishers and baby strollers to machinery, specialty chemicals, and butter knives. This strategic move now covers an estimated $320 billion of annual imports, up from about $190 billion a year ago.
- These 'backdoor tariffs' catch hundreds of everyday goods that use even small steel or aluminum parts
- Importers are scrambling—many face tough choices on high-tariff goods already en route to US ports
- Producers say passing along a 50% tariff is nearly impossible, raising the likelihood of price hikes for consumers, especially in construction, automotive, and appliances
The expanded tariffs—alongside recent restrictions on copper—are expected to add inflationary cost-push pressure just as US and UK consumers are feeling the pinch from food and essentials. Expect more supply chain disruptions and uncertainty as businesses race to reassess sourcing (see affected products).
