Group 1 - The U.S. has increased the import tariffs on steel and aluminum from 25% to 50%, effective June 4, which has drawn criticism from multiple countries including Canada, the EU, and Japan [1][2] - Canada, as the largest supplier of steel and aluminum to the U.S., plans to respond to the tariff increase, with Prime Minister Carney stating that the tariffs lack justification and legal basis [1] - The EU has indicated potential retaliatory measures against the U.S. and has engaged in discussions with U.S. trade representatives regarding the tariff hike [1] Group 2 - Japan's Economic Revitalization Minister expressed strong regret over the tariff increase and urged the U.S. to reconsider its policy [2] - Industry experts believe that the tariff increase will lead to higher prices for a range of products in the U.S., impacting both businesses and consumers, and contributing to global economic uncertainty [2] - The tariff hike is seen as a significant blow to transatlantic trade relations, according to the German Chamber of Commerce [1]

Group 1 - The U.S. government announced an increase in tariffs on imported steel and aluminum from 25% to 50%, effective June 4, 2025 [2] - The U.S. will maintain a 25% tariff on steel and aluminum imports from the UK, with potential adjustments based on compliance with the Environmental Policy Statement [2] - The European Union expressed regret over the U.S. decision, indicating it adds to economic uncertainty and is preparing countermeasures [3] Group 2 - The tariff increase is expected to raise prices on significant consumer goods, including housing, automobiles, and packaged foods, impacting ordinary consumers [3] - Specific food items affected include canned tuna, chicken soup, fruits, tomato sauce, beer, and soda, which rely on metal packaging [3] - The increase in tariffs may force companies to raise product prices due to the inability to source all raw materials domestically [3]

Core Viewpoint - The U.S. will increase tariffs on imported steel and aluminum from 25% to 50% starting in early June, which is expected to raise prices on various consumer goods, including food products and large items like cars and appliances [1] Impact on Industries - The increase in steel and aluminum tariffs will likely lead to higher costs for canned food manufacturers, as the price of metal packaging rises [1] - Major U.S. food companies may be forced to raise product prices due to the inability to source all raw materials domestically, exacerbated by the new tariffs [1]