Of the 4Q24 Baird-MDM Industrial Distribution Survey respondents who indicated they were likely to shift their sourcing, many cited tariffs as a key factor.
The new order includes a rule requiring foreign steel and aluminum material to be processed within North America.
As the Trump administration’s tariffs against key trading partners are sure to remain fluid, prominent industry associations and trade groups shared statements emphasizing concern over business impacts.
We analyze the results of our early January survey that polled 350 distributors and manufacturers about their expectations of how tariffs could impact both margins and demand. Along with data, it produced plenty of commentary.
We analyze the results of our early January survey that polled 350 distributors and manufacturers about their expectations of how tariffs could impact both margins and demand. Along with data, it produced plenty of commentary.
The latest major industry disruption appears to be in the form of significant tariffs levied by the incoming Trump administration. Here’s a look at the factors likely to be at play and how to navigate...
The move tries to stop China and other countries from evading U.S. tariffs on steel and aluminum by routing products through Mexico.
President Biden wants to raise the tariff rate on certain Chinese steel and aluminum imports to cut out “unfair competition”.
An inspection initiative has created “significant reductions in the export volumes of different products from Mexico to the United States.”
