A significant shift is underway as a 50% tariff on steel and aluminum products has officially taken effect. We're diving deep to understand how this will impact local businesses — and, ultimately, you, the consumer.
“50 is just a lot, I don’t think our prices will go 50, I don’t know how our tariff works, I would think probably 25 percent and that’s, man that’s big,” said Kevin Russell, owner of American Fabrication.
Russell says he’s expecting a phone call from his suppliers within the next few weeks, informing him of a price increase. He explains that even a 15-cent hike per pound on aluminum or steel would be major.
“And steel is heavy, things are heavy in steel, so that 15 cents doesn't sound like much, it’s a lot, especially when you’re dealing with half a million pounds.”
As a fa