Dan Hand
Appearances
Today, Explained
Tariffs hit like a Mack truck
I forgot how to turn the alarm off because I haven't been coming here by myself in a long time. with Dan Hand.
Today, Explained
Tariffs hit like a Mack truck
Mack is a very ingrained company within the Lehigh Valley. So right now, This uni hall sits on Mack Boulevard. Mack World Headquarters used to be across the street from us.
Today, Explained
Tariffs hit like a Mack truck
Yes, it does. You hear about it on TV all the time. There's a lot of different sayings, like, built like a Mack. You also hear that when somebody gets hit by something, it feels like you're getting hit by a Mack truck.
Today, Explained
Tariffs hit like a Mack truck
And out of that, I think it was 40 people were hired. Jeez, that's more elite than, you know, an Ivy League school. Things were a lot different back then. As far as like with our medical, we didn't have any co-pays or anything like that.
Today, Explained
Tariffs hit like a Mack truck
Well, all of a sudden we find out that the company decided to have a meeting with us and said that things aren't going very well. They're blaming the tariffs.
Today, Explained
Tariffs hit like a Mack truck
So last year, we got notification from the company that they decided that they're going to build a plant in Mexico.
Today, Explained
Tariffs hit like a Mack truck
I mean, it doesn't seem very well thought out. OK, we're putting this tariff on. Oh, we're going to pull this back. Oh, we're taking a pause. It doesn't seem to be targeted at all. One thing I did find out that's not really... widely published is the fact that for any steel coming into the United States or aluminum, that's at a 25% tariff. And what's that mean for you guys?
Today, Explained
Tariffs hit like a Mack truck
Well, our frame rails are made out of steel. We have a lot of different parts of our trucks that are made out of steel and aluminum. So that's going to drive up the cost that the company has to pay for those parts, which is going to in turn probably wind up having to be passed on to the buyer.
Today, Explained
Tariffs hit like a Mack truck
Well, you would think that, but a lot of the infrastructure that we have has gone away. If you just look over in Bethlehem, Bethlehem Steel's no longer here.