Beer, Plane Tickets and iPhones Are All About to Get More Expensive. Here’s Why

Beer, iPhones and plane tickets are all likely to get more expensive in the next few months thanks to President Donald Trump.

Trump's announcement that he's slapping steel and aluminum tariffs on Canada, Mexico, and the European Union on Friday has major big-picture implications for the U.S. economy and global trade. But, in the short term, it's going to hit Americans right in the pocket book, economists told MONEY.