June 5, 2025- U.S. tariffs on steel and aluminum doubled to 50% as of 12:01 am ET on Wednesday, June 4, according to CNN Business. While the U.S. has carved out its own niche in domestic metals manufacturing, it also relies on imports from abroad to fill in the gaps: America imported 26.2 million metric tons of steel and 5.4 million metric tons of aluminum from abroad last year, according to CBS News. Economists warn that such heightened levies could significantly squeeze the wallets of both companies and shoppers alike, according to AP News.