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The precipitous increase in steel tariffs jeopardizes Trump's commitment to ensuring affordable groceries.

The precipitous increase in steel tariffs jeopardizes Trump's commitment to ensuring affordable groceries.

C2🇻🇳 Tiếng Việt🇺🇸 English

June 3rd, 2025

The precipitous increase in steel tariffs jeopardizes Trump's commitment to ensuring affordable groceries.

C2
Please note: This article has been simplified for language learning purposes. Some context and nuance from the original text may have been modified or removed.

Summary🇺🇸 English

The
được sử dụ...
Trump
Trump
administration
chính quyề...
's
của nó
imposition
sự áp đặt
of
của
doubled
tăng gấp đ...
tariffs
thuế quan
on
vào (ngày)
imported
nhập khẩu
steel
thép
and
aluminum
nhôm
threatens
đe dọa
to
để
instigate
kích động
a
một
substantial
đáng kể
inflationary
lạm phát
spike
sự tăng vọ...
in
trong
grocery
cửa hàng t...
prices
giá cả
for
cho

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🇻🇳 Tiếng Việt

The Trump administration's decision to double tariffs on imported steel and aluminum threatens to precipitate a significant inflationary surge in grocery prices for American consumers, given the ubiquitous presence of these materials in product packaging, potentially exposing a vast array of consumer goods to the punitive effects of the 50% levy. This protectionist measure, ostensibly intended to bolster the domestic steel industry, risks undermining the administration's avowed commitment to reducing food costs, while simultaneously exacerbating strain on transatlantic alliances, as cautioned by trade expert Usha Haley, and generating cascading cost increases across numerous sectors; indeed, the imposition of these duties, impacting sectors from canned goods to the brewing industry and even the pet food market, portends a competitive disadvantage for domestic producers, potentially ceding market share to foreign canners willing to absorb margin reductions, thereby exerting downward pressure on American farmers and food manufacturers, as elucidated by Robert Budway, president of the Can Manufacturers Institute.

June 3rd, 2025

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