Trump’s steel and aluminum tariffs have angered nearly every US industry

[Peridot]

Going to raise the cost of beer. Unacceptable


https://m.youtube.com/watch?v=tf5YjALApUU

Time to invest in gin.

[kudzu]

Retailers: “Make no mistake, this is a tax on American families," Matthew Shay, president of the National Retail Federation, said in a statement. "When costs of raw materials like steel and aluminum are artificially driven up, all Americans ultimately foot the bill in the form of higher prices for everything from canned goods to electronics and automobiles. The reality is that there is nothing this country will gain from such a one-sided policy. These tariffs threaten to destroy more US jobs than they will create while sending an alarming signal to our trading partners and diminishing markets for American-made products overseas.”

Machinery manufacturers: Caterpillar’s director of investor relations, Amy Campbell, told Reuters that the tariffs would pose a “challenge” and would put Caterpillar at a competitive disadvantage with foreign competitors.

US business groups: “Business Roundtable strongly disagrees with today’s announcement because it will hurt the U.S. economy and American companies, workers and consumers by raising prices and resulting in foreign retaliation against U.S. exporters," Joshua Bolten, president of the influential Business Roundtable, said in a statement. “Using ‘national security’ tools to implement tariffs could embolden other countries to impose ‘national security’ tariffs on U.S. exporters or otherwise restrict U.S. goods and services sold to their markets.”