The Trump administration’s new 50% duty on imported steel could increase store prices for items in steel cans by 9% to 15%, according to the Consumer Brands Association,

Last week, the Trump Administration enforced new levies against steel and aluminum imports, doubling the existing 25 percent tariff. These high duties join similar taxes on other essential construction materials such as lumber and timber,

Key Takeaways The S&P 500 slipped 0.3% on Wednesday, June 11, as investors weighed softer-than-expected inflation data and progress on U.S.-China trade talks.Shares of Nucor and other steelmakers lost ground following reports that the U.

The steel used in cans is mostly imported—and subject to the Trump administration’s new 50% levy.

Tariffs imposed by the Trump administration on imported steel and aluminum increased from 25% to 50%, intensifying uncertainty among homebuilders.

President Trump has doubled the rate on foreign metals to 50%, saying the levies weren’t high enough to help the U.S. industry.

Chris Evans, president of the Swinerton-owned supplier and contractor, is eyeing opportunities in this uncertain economy.

Canadian Industry Minister Melanie Joly said the government will soon announce measures to clamp down on steel dumping from foreign countries and help domestic manufacturers hit by punishing US tariffs.

Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.