Donald Trump’s threat to impose big tariffs on steel and aluminium are rippling across US industry, with companies ranging from manufacturers to oil and gas drillers facing increasing costs for the metals.
Many executives are rushing to find ways to mitigate the political tumult and fallout from rising prices, even though the 25 per cent tariffs will not come into effect for another month.
“So far what we’re seeing is a lot of cost and a lot of chaos,” said Ford chief Jim Farley at an automotive conference on Tuesday.
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