Trade experts told ABC News the fresh tariffs will likely raise prices for some goods made out of the two metals, since importers of the raw material typically pass along a share

While the inflationary impact on U.S. domestic prices is widely expected to be severe, the effect in Europe will be more mixed, according to analysts.

Futures tracking aluminum and steel prices in the US surged after President Donald Trump said he will double tariffs on the metals this week.Contracts linked to the prices that manufacturers pay to get aluminum delivered to the US Midwest jumped 54% to the highest since 2013 on the Comex exchange in New York on Monday — offering an early glimpse of the much higher costs for American factories,