Greg Colibert, owner of Steel Products Manufacturing, expressed deep concerns over President Trump's recently announced 50% steel tariffs, highlighting their adverse effects on his business. With steel prices rising from 49 to 68 cents per pound, Colibert warned that these increases could add $1,600 to his production costs, risking customer dissatisfaction. He doubts American steel production can replace imports from Canada and Mexico and feels unheard in his predominantly conservative area, indicating a disconnect with local representatives regarding the tariffs' full impact on manufacturers.
Back in February, my steel prices were about 49, 50 cent a pound. Right now, they’re at about 68 cents a pound, and what that equates to in the product that I manufacture could be 16-18 hundred dollars just in increased costs of the material.
I don’t have any confidence that American steel manufacturing will get up to speed fast enough to supplement or completely replace the Canadian market.
I didn’t vote for the current administration and I just don’t think my representatives grasp the full impact of what these tariffs do to steel manufacturers.
It is my great honor to raise the Tariffs on steel and aluminum from 25% to 50%, effective Wednesday, June 4th.
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