Steel and aluminum tariffs add to uncertainty to consumers, Port of Los Angeles [Video]

LOS ANGELES (KABC) — Tariffs on steel and aluminum imports doubled on Wednesday after President Donald Trump signed an executive order, raising the tariff rate to 50%.

As to the immediate impact that move will have on you, some experts believe it’s too early to tell.

“Trump has been threatening tariffs, imposing tariffs, backing off tariffs. Are these tariffs real? How long are they going to last? What’s going to happen? There’s a lot of uncertainty,” said Gary Richardson, an economics professor at UC Irvine.

A lot of steel and aluminum comes from Canada, and the tariffs could drive up the price of things like home construction materials, cars, and canned goods.

But Richardson said people wouldn’t feel it in their wallets right away.

“It takes six to nine months for raw materials to come into the supply chain and then to become finished goods, so this steel or aluminum tariffs that you’re imposing …