This company in Indiana is already feeling the heat from Trump's new tariffs
Donald Trump pitched his steel tariffs as a way to save U.S. steel jobs, saying it was a move designed to urge "all companies to buy American."
However, some small businesses, like LOOK Trailers in Indiana, are feeling the heat from Trump's trade move.
LOOK's president, Matt Arnold, said the company has seen steel prices increase 25 percent and aluminum as high as 35 percent. He told CNBC that he's afraid his suppliers' prices have even further to run in the months ahead.
Although the company already uses 75 percent U.S. steel and aluminum, now its competitors are also moving from foreign to domestic steel. That's driving up the demand for steel producers domestically and adding costs to businesses' bottom lines.
Arnold said that the company has managed to honor fixed prices on committed orders, but that means they've been "getting hit and absorbing price increases and then pricing out three months."
https://www.msn.com/en-us/money/markets/this-company-in-indiana-is-already-feeling-the-heat-from-trumps-new-tariffs/ar-AAvhP1g?li=BBnbfcL
Winning baby
= new reply since forum marked as read
and the bestest trariffs.
He's gonna save our economy with the bestest most ever wonderful words and things because he loves us.
I heard him say that numerous times. 
