The 50% tariff on steel. #facts #science #money #finance

Ajouté : 2026-05-25

[00:00:00]The reason your next car, apartment, and iPhone is going to cost more, it's a 50% tax on steel and it's happening right now. Trump's steel tariff is currently over 50% and that means any company importing steel into America is over half the price again just in taxes.

[00:00:15]Cars, buildings, appliances, they're all made of steel. So every single one gets more expensive. And when inputs cost go up, companies raise prices and consumers spend less, so the economy slows. And this is called cost push inflation. The Fed sees inflation saying hi and keeps interest rates elevated, which makes borrowing more expensive for everyone.

[00:00:35]The first car you buy, the first apartment you rent, the first loan you take out, all of this more expensive because Trump put a 50% tax on steel.