What will Trump‘s New Tariffs do to the economy?

President Donald Trump has just put a 25% tariff on all steel and aluminum entering the United States. The problem is that we do not produce enough steel and aluminum domestically to cover our domestic needs. Which means as things stand, looking at it from an economic perspective, most economist are right when they say this is going to cause inflation due to the fact that it is going to cause a rise in raw material for many companies. So don’t be surprised if car prices and other prices goods start to rise due to this new tariff on steel aluminum. Up until now President Donald Trump has used the tarriffs as a threat on our allies, Canada and Mexico to bring them to heal and get them to do our bidding on their side of the borders, including, but not limited to fentanyl control and illegal border crossing. This tariff is different because it affects all steel and aluminum which affects many many countries around the world and affects many manufacturers here in the US.