Shocker! American Steel Prices Spike in April

In the days and weeks after President Donald Trump slapped 25 percent tariffs on imported steel and aluminum, it was widely reported that American steel-consuming companies were bracing for higher prices. Some said they were already seeing those higher prices reflected in contracts to purchase steel from suppliers, but no one was sure how significant those price increases would turn out to be.

Now, a little more than six weeks since the tariff announcement, we have a better picture of the consequences of Trump’s trade policy. It looks like this: Read more