The 50% tariffs on steel and aluminum imports introduced by the Trump administration are hitting the US packaging industry, increasing costs for canning and beverage makers. Companies like Pacific Coast Producers are facing significant additional costs, estimating a 6% increase in the cost of steel used for packaging. In response, firms are looking at alternatives such as cardboard or plastic packaging. However, the transition from metal to other materials is complicated, and most companies are waiting for tariff stability before making major changes. This is likely to increase prices for consumers.
Sources
Latest News
23:14
A small aircraft crashed on Saturday in Ganderkesee, Germany, causing the death of one person on board.
23:10
France will make prior consent from consumers mandatory for telemarketing calls starting from August 11.
23:05
Kazakhstan becomes the first country in Central Asia to launch electric eVTOL air taxis.
22:58
Traian Băsescu states that Romania must negotiate with Ukraine to prevent incidents with drones
22:51
The USA is preparing a plan for the confiscation of enriched uranium from Iran, in the context of failed negotiations.
See more news