The typical American consumer is highly unlikely to purchase raw steel or aluminum on their own. That might lead them to believe their wallets are shielded from the 25% tariffs President Donald Trump levied on the two metals with no exemptions or exceptions on Wednesday.

President Trump has ordered global tariffs on imports of steel and aluminum of 25%. After some jockeying, which included threats by the Ontario premier to levy a 25% surcharge on electricity delivered to bordering states in the United States, the premier and Commerce Secretary Lutnick agreed to further discussions on revisions to the USMCA.