The 50% tariff on steel and aluminum products, including derivatives, placed on most countries is hitting some smaller items with big impacts — screws, nails and bolts.
Prices for core goods are up nearly 2%, according to Yale's Budget Lab — a strong indication of tariffs' impacts on consumer prices. With appliances and electronics particularly elevated, the steel and aluminum tariffs are impacting costs across multiple industries.
Unless you're an avid DIY-er or in the construction industry, you probably don't give them a lot of thought — fasteners. But for distributors like Robert Lehmann, who specializes in marine fasteners, it's been a rocky 6 months.
"My costs have probably increased between 30 and 50% depending on the item. And that is the vast majority of the margin already," Leh