How the steel and aluminum tariff could affect you
GRAND TRAVERSE COUNTY, Mich., (WPBN/WGTU) -- On Thursday afternoon, President Trump signed a tariff for steel and aluminum. It's a 25 percent tariff on steel and 10 percent tariff on aluminum.
The tax directly affects businesses that buy imported supplies, but it could have an impact on consumers with what the buy, and the roads they take to get there.
Steel and aluminum are used to make cars. Many in the automotive industry are expecting a price hike as a result of the tariff.
It's also heavily used by brewers and other companies that can their products.
"We have to sell to a distributor, they mark it up," said Scott Newman-Bale of Short's Brewing Company. "Then it goes to a retailer. They mark it up. A couple cents can quickly become 25 cents on a six pack."
The materials are also prevalent on the road. Guardrails and bridge supports are made with steel, and street signs consist mostly of aluminum.
Raised prices could cause municipalities to cut back on the road repairs and improvements.
"This year, we're going to do 12-13 million in projects, and say that's 25 projects," said Grand Traverse County Road Commission Manager Jim Cook. "Well maybe the number of projects is going to go down. Maybe it's a little bit of guard rail reduction, a little bit of signage and a little bit as far as pavement improvement. If things cost more money, we probably will do less as far as those type of projects."
The tariffs on steel and aluminum go into effect on March 23.