Tariffs on steel and aluminum imports are set to climb on Wednesday to a staggering 50%, after President Donald Trump announced this past Friday that he was doubling the import duty on the essential material used to make homes, vehicles, groceries, and numerous other items.

Trump claimed that raising the tariffs on those essential materials will “secure the steel industry in the U.S.”

However, the absurdly high tariff is also expected to cause inflation to spike on everything from soda, canned goods, car prices, and even the housing market.

“Rising grocery prices would be part of the ripple effects,” Usha Haley, a professor at Wichita State University who is an expert on trade policy, told ABC News.

The tariffs will also make it more expensive for developers to build housing, which cou

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