President Trump's recent announcement of imposing tariffs on steel and aluminum imports has sparked concerns over rising prices and inflation. The move to impose a 25% tariff on imports comes after years of deliberation and debate on the impact it may have on the economy.

Experts are divided on the potential consequences of the tariffs, with some arguing that it could lead to higher prices for consumers and inflation. According to a report by CBS News, the tariffs could increase the cost of goods that rely on steel and aluminum, such as cars and appliances.

Despite the concerns, markets have remained relatively steady following the announcement, with investors attributing the calm to “investor fatigue” as reported by MarketWatch. However, the long-term effects of the tariffs remain uncertain.

President Trump has defended the tariffs as a necessary measure to protect American industries and create jobs. However, critics argue that the tariffs could lead to a trade war and harm the economy in the long run.

As the debate continues, consumers and businesses are left to navigate the implications of the tariffs on their daily lives and bottom lines.