Trump Expands Steel, Aluminum Tariffs Raising Consumer Prices Nationwide

President Donald Trump's administration has expanded tariffs on steel, aluminum, and various imported goods, leading to significant price increases across multiple industries. Sony, Nintendo, and Microsoft have raised console prices, with the PlayStation 5 now $50 more expensive, partly due to tariffs and inflation impacting the gaming industry. The Commerce Department added over 400 steel- and aluminum-containing products—including motorcycles, electric vehicle motors, and home appliances—to the tariff list, imposing a 50% tariff on the metal content, which is expected to raise costs for manufacturers and consumers. Additionally, tariffs on European goods, such as Scotch whisky and champagne, are driving up alcohol prices in the U.S., with some bottles potentially increasing by $12. Analysts warn that these tariffs will ripple through consumer markets, affecting prices for everyday items like canned foods, automobiles, and household electronics, as manufacturers pass on increased costs. Despite concerns from automakers and other industries, the administration emphasizes protecting domestic metal producers as the justification for these measures.