That’s a valid question, and I’ll try to be very simple about it. As a general rule, tariffs increase the price of imported products, which can lead to price increases for goods that use those products as components.

Here are some specific examples based on the information provided:

Canned Foods: As the article mentioned, US manufactures get a lot of steel from other countries. A 25% tax is set to be imposed on all imports of steel and aluminium into the US. As it is stated in article without exemptions for can manufactures to import steel tariff free, grocery prices for canned foods made in the US are likely to rise.

Cars: Same logic applies to aluminium and steel. Those components are required to manufacture Cars.

Drinks: Makers of drinks, such as Coca-cola have warned the move will add costs and could lead to higher prices for customers.

If your business or livelihood rely on steel or aluminium, then be worried and plan a different strategies. As the article mention Affordability pressures in a market where sales have yet to return to 2019 levels could limit how much of the costs companies choose to pass on, according to Michael Wall, an auto analyst at S&P Mobility.