A 50% tariff on steel and aluminum imports is raising prices on everyday goods and straining businesses, fueling inflation.

A 50% tariff on steel and aluminum imports is raising prices for everyday items like screws, nails, and bolts, with core goods seeing nearly a 2% price increase, according to Yale's Budget Lab. The policy is increasing costs across industries, particularly appliances and electronics, affecting supply chains and contributing to broader inflation. While consumers may not notice small fasteners, businesses like marine fastener distributor Robert Lehmann report 30% to 50% cost hikes, squeezing profit margins and highlighting the widespread economic impact of trade policies.