What’s Happening:
• The U.S. imposed a 50% tariff on imported tin-plated steel, doubling the previous rate from 25%. This steel is vital for making food cans.
• As a result, can prices are expected to rise by 9–15%, adding roughly 18–30¢ to a $2 can of vegetables.
• The impact could ripple downstream—raising prices for canned soups, beans, fruits, and more.
Why It Matters:
• Most U.S. can manufacturers rely on imported steel—around 75% of tin-plate is sourced abroad.
• Beyond cans, higher production costs may push consumers toward alternative packaging, impacting up to 20,000 jobs in the can-making industry