Stocking the pantry has become significantly more expensive over the past two years. The attempts by domestic steel manufacturers, such as Ohio manufacturer Cleveland-Cliffs, to impose costly steel tariffs will only worsen this already difficult situation.
Americans are already paying almost 15% more to purchase canned fruit and vegetables than last year. By petitioning the Biden administration to slap tariffs on foreign tinplate steel, these companies will push the prices of canned goods even higher. Tinplate steel is used for packaging the canned goods and household products consumers use daily, from bug spray and cleaners to canned ravioli and tuna.
The companies’ argument in favor of tariffs is fatally flawed and their petition to raise tariffs is cronyism at its worst.