Steel Tariffs Likely to Raise Canned Food Prices, Experts Say

Imagine your favorite canned soup, beans, or fruit.

Making those cans requires a special type of steel called tin-plate.

The government recently increased the cost of buying tin-plate from other countries by adding tariffs.

Because of this, the companies that make the cans will have to charge more money.

This increase in cost is expected to raise the prices of canned food in stores.

This could also cause consumers to buy fewer canned goods because they cost more, which could potentially lead to job losses in the can-making industry.

Many can manufacturers say there isn't enough tin-plate made in America to meet their needs.