80% Of NAFEM Members Surveyed Say Tariffs Are Hurting Business

More than 80% of respondents to NAFEM’s recent survey of its members reported that tariffs on Chinese imports, along with tariffs on imported steel and aluminum, have negatively impacted their businesses.

In the January survey, 50% reported tariffs on Chinese imports are impacting their ability to compete and 53% said these tariffs are hurting sales; 56% said that tariffs on imported steel and aluminum have impaired their ability to compete and 47% said these tariffs are hurting sales.

The majority of NAFEM members surveyed also reported that tariffs on Chinese imports and imported steel and aluminum are raising material costs by up to 15%.

“The survey clearly demonstrates that tariffs are negatively impacting U.S. businesses, which doesn’t bode well for U.S. jobs and a strong economy,” says NAFEM President Joe Carlson, CFSP, president-Lakeside Mfg. “Trade wars have no winners. Now is the time for talks, not tariffs. We’re encouraged by recent Congressional action to work toward a solution to unfair trade practices. We need a solution that does not include tariffs that ultimately hurt American workers and consumers.”

NAFEM offers an advocacy toolkit to help its members share information on the tariffs. 

- Advertisement -

- Advertisement -

- Advertisement -

TRENDING NOW

RELATED CONTENT

Chris Baichoo of Perlick

New Appointments and Retirements at Perlick and TriMark

Chris Baichoo will become chief sales officer at Perlick as Jim Koelbl retires—plus TriMark's Kim Gill Rimsza to depart in February.

Read More...
Gaylord Texan Resort & Convention Center

WFF’s March Conference Will Have Hybrid Format

The annual conference will offer both a virtual and in-person option at the Gaylord Texan Resort and Convention Center.

Read More...

Polar King Mobile Expands Dealer Network

Partnership with Wallace Trailers helps PKM reach Tennessee and nearby states.

Read More...