The metals are used in almost every industry and could reduce the cost of cars and appliances— but the impact on everyday costs like housing and groceries will be limited.
Old Bay just transitioned to a tin-and-steel box. It's a more nostalgic vibe — and also more expensive. And it’s a sign that steel-and-aluminum tariffs can impact food packaging.
President Donald Trump’s 2018 steel and aluminum tariffs made domestic production more lucrative. But higher prices will cause hardship throughout the manufacturing sector.
“What we learned from the last tariff experience is that what goes up must come down,” says Lisa Goldenberg of Delaware Steel Co. “So it's kind of a last man standing.”
“When you take out major players, anything that destabilizes the world economy affects steel, affects all of us,” says Lisa Goldenberg, president of Delaware Steel Company.