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Trump Steel Tariffs...Good or Bad...

Trump announced his position on import tariffs pretty boldly when he presented his future steel import tariffs on bringing in overseas manufactured steel. No one knew how this would impact the US steel economy exactly. It sure sounded great! But what really would be the implications of this? US steel manufacturers would surely have a leg up on the soon rising price of imported steel. Right? Right. Sure the future is looking brighter for the US steel manufacturers, but the kicker is trying to figure out how this will impact those buying this manufactured steel. If a man selling organic local strawberries on the side of the road sees that Kroger has upped their prices by $2.00, it only makes sense that he would raise his prices at least $1.50. A seventh grader could figure out that it benefits the organic road side strawberry salesman to increase his price. He could make an immediate $1.50 more per bundle and STILL have the best prices. So...what happens when those strawberries turn into 400 steel lockers and that $1.50 turns into tens of thousands of dollars??? Did the clients budget immediately grow by tens of thousands of dollars...unless he/she is the owner of the US Steel manufacturer I'm guessing not. This in turn causes schools, gyms, hospitals, clinics, manufacturing facilities, etc. to forgo buying those new lockers, shelving, pallet rack and spend it on something that didn't just sky rocket in price. What about the US locker manufacturers? Locker dealers? US pallet rack manufacturers? Installers? Etc?


I don't believe we really know yet...


It could be great...it could be terrible...time will be the ultimate teller...as it always is in business...


But one thing is for certain...All Storage Products has found ways to thrive through the good and the bad throughout the last 31 years. We'll do it throughout whether the steel tariffs are good or bad. We will continue to provide these solutions to the state of Arkansas and do so to the best of our ability.



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