Global Fastener News

Global Fastener News

    Despite Revisions, 232 Tariff Process Remains ‘Inconsistent’

Despite Revisions, 232 Tariff Process Remains ‘Inconsistent’

October 18
16:54 2018

Nearly five months after the U.S. imposed tariffs on steel and aluminum imports, fastener manufacturers continue to receive “inconsistent” responses from the U.S. Commerce Department related to exclusions requests, according to the Industrial Fasteners Institute’s Washington representative Jennifer Baker Reid.

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News Briefs

Nucor Reports Record Earnings

October 18
11:24 2018

Third-quarter net earnings more than doubled, buoyed by U.S. tariffs on steel and aluminum.

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Headlines
    Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

Trump Imposes Tariff on $200b of Chinese Goods, Including Fasteners

September 24
22:44 2018

The additional tariffs take effect September 24, 2018, and initially will be in the amount of 10%. Starting January 1, 2019, the level of the additional tariffs will increase to 25%. 

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    Chicago Rivet’s Pennsylvania Plant Located on Former Golf Course

Chicago Rivet’s Pennsylvania Plant Located on Former Golf Course

October 09
00:28 2018

Media Spotlight: “We make fasteners and ma­chines. We build machines that use our own rivets. The machine segment is about 20% of our business,” Mike Sweitzer told the Altoona Mirror.

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Product News
    PreTect Thread Masking Plugs

PreTect Thread Masking Plugs

October 18
10:26 2018

New PEM PreTect thread masking plugs from PennEngineering “will protect internal threads of self-clinching nuts and standoffs during paint and powder coating processes.”

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Related News
    Trump Metals Tariffs Will Cost Ford $1 Billion In Profits

Trump Metals Tariffs Will Cost Ford $1 Billion In Profits

September 26
16:30 2018

“From Ford’s perspective the metals tariffs took about $1 billion in profit from us,” CEO James Hackett said at a Bloomberg conference in New York. “The irony of which is we source most of that in the U.S. today anyway. If it goes on any longer, it will do more damage.”

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