The Impact of Trump Tariffs To Date and Where It Will Hurt

Commerce Secretary Wilbur Ross

Commerce Sec Ross tells CNBC
there will just be a "trivial increase" in US consumer prices because of the #steeltariffs just levied on the #Eurozone

— Nancy MarshallGenzer (@MarshallGenzer) May 31, 2018

US steel prices have risen 40% since Jan. 1 and are now nearly 50% higher than in Europe or China.

And today the volume of metals imports subject to tariffs is being doubled.

The impact on manufacturing and construction will be very substantial. https://t.co/PA13DseUSD

— John G. Murphy (@JGodiasMurphy) May 31, 2018

Ross may think it is only about Campbell's soup cans and beer cans but:

• bike frames
• ladders
• mailboxes
• staples
• nails
• computer parts
• golf clubs
• sinks
• faucets
• screen door and window frames
• patio furniture
• pots
• pans
• gates
• fencing car rims
• aircraft / aerospace (fuselage, forgings)
• road vehicles (hang-on parts from sheet, extrusion profiles, engine blocks,wheels) bus and truck structures
• trains
• shipbuilding

are all made of aluminum.

And when it comes to steel, the list goes on and on:

• AGRICULTURAL EQUIPMENT
• AIR CONDITIONERS
• AIR DUCTS
• AUTOMOTIVE PARTS
• BATHS - BASINS - SHOWER TRAYS
• BEARINGS
• BINS
• BRIGHT SHAFTING BARS [COLD FORMED]
• BRUSHES
• CANS - LIDS - CROWN CORKS
• CHAINS
• CHIMNEYS - CHIMNEY CAPS
• CHUTES
• CLADDING - ROOFING
• CLOTH - NETTING
• COLD STORES
• COMPRESSORS
• CRANES
• CUTLERY
• DESERT COOLERS
• DISHED HEADS
• DRUMS - BARRELS
• ELECTRIC CABLES + ACCESSORIES
• ELECTRIC EQUIPMENT
• ELECTRODES
• ELEVATORS
• EXHAUST PIPES - SILENCERS
• EXPANDED METAL
• FANS
• FASTENERS - SCREWS - BOLTS - NUTS - RIVETS
• FENCING
• FILTERS
• FIRE FIGHTING EQUIPMENT
• FLANGES
• FURNACES - INCINERATORS
• FURNITURE
• GAS CYLINDERS
• GRILLES
• HARDWARE - TOOLS
• HOSES - HOSE CLIPS
• HOUSEHOLD APPLIANCES
• KITCHENS
• KITCHENWARE
• LOCKS - HINGES
• LUMINAIRES - LIGHTING
• MOTORS - ENGINES
• NAILS - SPIKES
• NEEDLES
• OVENS - BURNERS - STOVES
• PANEL BOARDS - SWITCH GEAR
• PRE-STRESSED CONCRETE
• PUMPS
• RADIATORS FOR HEATING
• REELS - SPOOLS
• ROPES - STRANDED WIRE - CABLES
• SAFES
• SECTIONS [COLD FORMED U,Z,C...]
• SHELVES - DISPLAYS
• SIGNAGE
• SPRINGS
• STAPLES - CLIPS
• STEEL WOOL - SPONGES
• STRAPS
• TILES FOR ROOFS AND CEILINGS
• TRANSFORMERS
• TROLLEYS - HANDCARTS
• TIRES - STEEL REINFORCED
• VALVES - FITTINGS
• WATER COOLERS
• WATER HEATERS
• WHEELS - PULLEYS
• WIRE DRAWING
• WIRE MESH

AND

FABRICATED STEEL - CONSTRUCTION
• AUTOMOTIVE [TRAILERS & VEHICLES]
• BOILERS - PRESSURE VESSELS
• CONTAINERS & REPAIR
• DECORATION - ARCHITECTURAL - HANDRAILS
• FABRICATION HEAVY
• FABRICATION LIGHT
• FABRICATION MEDIUM
• GRATINGS
• GUARD RAILS
• LIGHT POLES - MASTS - PYLONS
• MACHINING - TURNING
• MOULDS - DIES
• ORNAMENTAL STEEL
• PORTA CABINS
• PRE ENGINEERED BUILDINGS
• RAILWAY & TRAIN
• REBAR & WIRE ROD - CUTTING + BENDING
• SCAFFOLDING
• SHIP BUILDING & REPAIR
• SPACE FRAMES
• TANKS
• TRANSMISSION TOWERS

Wibur Ross is a con man.

-RW