Steel and aluminum tariffs add to uncertainty for consumers, Port of LA
Steel and aluminum tariffs add to uncertainty for consumers, Port of LA
- June 5, 2025
- Gary Richardson, economics, KABC, June 5, 2025 (Video)
-----
"There's a lot of uncertainty," said Gary Richardson, an economics professor at UC Irvine. … "It takes six to nine months for raw materials to come into the supply chain and then to become finished goods, so this steel or aluminum tariffs that you're imposing today, they're going to show up six months from now," he said. It could, however, negatively affect the cost of goods and holiday spending. In addition, Richardson predicts the steel and aluminum tariffs could create jobs in the future, but they wouldn't be in Southern California.
For the full story, please visit https://abc7.com/post/steel-aluminum-tariffs-add-uncertainty-consumers-port-los-angeles/16659001/.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightTrump's quest for more sway over Fed faces fresh hurdles
- Careet RightGas prices in SoCal soar as war in Iran continues
- Careet RightIndependent truckers feeling pain at pump with increasing as prices
- Careet RightFrom food to plastic: rising costs due to war
- Careet RightU.S. Department of Labor says economy lost 92,000 jobs in February