Bob Tita
Appearances
WSJ What’s News
S&P, Nasdaq Post Worst Quarter Since 2022
Pretty much all manufacturers have some exposure to this. Certainly machinery, farm equipment, construction equipment, automotive, heavy-duty equipment, as well as the construction industry.
WSJ What’s News
S&P, Nasdaq Post Worst Quarter Since 2022
This one is an expansion of the 2018 tariffs on steel and aluminum. This latest tariff expanded the tariff for aluminum and raised it and also extended it to hundreds and hundreds of what the administration is calling derivative products. So finished goods that are made of steel and aluminum and screws, nuts, bolts, fasteners in general are included in that.
WSJ What’s News
S&P, Nasdaq Post Worst Quarter Since 2022
Well, right now, they're all trying to assess their own costs, their own exposure to all this, figuring out if there are domestic suppliers that can provide some of this. Some of the people we talked to in the story said the domestic producers, there's just not enough of them. And so there's a real concern about where they would get these fasteners domestically if
WSJ What’s News
S&P, Nasdaq Post Worst Quarter Since 2022
just tariff to make them prohibitively expensive.