"The 50% tariff on imported steel levied by the Trump administration could increase canned food prices between 9% and 15%, according to the Consumer Brands Association.
The trade group estimated up to 20,000 U.S. food manufacturing jobs could be at risk if tariffs cause consumers to curtail their purchases of higher-priced canned goods and CPG companies opt to switch away from tin-plate steel to cheaper packaging alternatives.
The steel tariffs are impacting a slew of products in the food space, including sauces, seafood, soup and vegetables."
