President Trump has reinstated tariffs on imported steel and aluminum, raising concerns among domestic manufacturers who remember the previous tariffs imposed in 2018. The current tariffs force many businesses—like those in truck and appliance manufacturing—to scramble for local metal sources, resulting in increased prices for end products. Despite the challenges, some manufacturers hope for potential exemptions or adjustments that could alleviate hardships. Angela Holt, representing precision machining interests, highlights the varied implications for businesses depending on individual circumstances.
Manufacturers of trucks, appliances and construction equipment scramble to find U.S. sources of metal inputs, keeping steel and aluminum producers busier than they were before.
Angela Holt emphasizes that the potential impacts on businesses are complex, affecting not only costs but also availability based on individual sourcing and competition.
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