Global Fastener News

Trump Tariffs Prompt Immediate Fastener Price Hikes

Trump Tariffs Prompt Immediate Fastener Price Hikes
September 24
19:49 2018

“Section 301 tariffs act as a tax, and effective immediately, the replacement costs of all of BBI’s imports of affected items will have increased by 10%. As a result, we have increased our pricing respectively to absorb the cost increase,” Brighton-Best International stated in a letter to customers dated September 18.

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