U.S. Commerce Secretary Wilbur Ross made the case for President Donald Trump’s proposed aluminum and steel tariffs by using two common food products to demonstrate the limited impact the trade measures would have on the cost of consumer goods.
Trump is expected to announce next week that the U.S. will impose a 25 percent tariff of steel and a 10 percent tariff on aluminum entering the United States. In an interview with CNBC Ross addressed some of the critics of the tariffs by showing the minute impact they would have, as an example, on the price of a can of Campbell’s Soup and a can of Coca-Cola.
