Rising costs. Delayed shipments. A baffling bureaucracy.
ABC News reported that President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for American companies that buy those metals, and many are pressing for relief.
Hundreds of companies are asking the Commerce Department to exempt them from the 25% steel tariff and the 10% aluminum tariff.
Other companies are weighing their options. Jody Fledderman, CEO of Batesville Tool & Die in Indiana, says American steelmakers have already raised their prices since Trump’s tariffs were announced last month. Fledderman says he may have to shift production to a plant in Mexico, where he can buy cheaper steel.
On Wednesday (April 18), a group of small- and medium-size manufacturers gathered in Washington to announce a new group — the Coalition of American Metal Manufacturers and Users — to fight the steel tariff.
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