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Trump Trade War - Tariffs hurting America’s food service equipment manufacturers - NAFEM

Steel News - Published on Fri, 08 Feb 2019

Image Source: Business Wire
The Fabricator reported that tariffs on Chinese imports, along with tariffs on imported steel and aluminum, are making it more expensive to produce the commercial food service equipment and supplies, according to a recent survey by the Chicago-based North American Association of Food Equipment Manufacturers.

More than 80 percent of respondents to the survey reported that the tariffs have negatively affected their businesses:

1. 50 percent said tariffs on Chinese imports are affecting their ability to compete, and 53 percent said these tariffs are hurting sales.
2. 56 percent said that tariffs on imported steel and aluminum have impaired their ability to compete, and 47 percent 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 6 to 15 percent.

NAFEM President Joe Carlson, CFSP, president, Lakeside Mfg. Inc., Milwaukee said that “The survey clearly demonstrates that tariffs are negatively impacting US businesses, which doesn’t bode well for US jobs and a strong economy. 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.”

Source :

Posted By : Rabi Wangkhem on Fri, 08 Feb 2019
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