Tariffs Update

March 20, 2018

Update on Steel and Aluminum Tariffs

On March 8th, President Donald Trump signed two proclamations levying tariffs on imported aluminum and steel. White House officials say the tariffs are an essential matter of domestic and economic security, an argument that critics have rejected. The 25 percent tariff on steel and 10 percent charge on aluminum follow a pledge from Trump to revisit global trade deals, NAFTA in particular. The tariffs will take effect on March 23rd, 2018.

Atlas mass customizes flat sheet material into precision fabricated solutions. The steel and aluminum parts that Atlas produces will be significantly impacted by tariffs. Material pricing is highly volatile at present and prices have already been on the rise. Regardless of the actual results of the tariffs, mills and service centers that supply our material have implemented immediate and dramatic pricing increases on flat sheet products.

While we want to make sure that the tariffs are real and permanent, we also want to alert you to potential price increases created by these actions.

• Orders shipped in March will not be affected
• All open blanket orders will be reviewed for pricing
• New quotes will be honored for 7 days
• Orders placed and not delivered within 30 days may be subject to price increases prior to shipment

The media is full of information regarding the Section 232 tariffs and it is our intent to be transparent and current with pricing. For any questions or concerns, please email mark.engel@atlasmfg.com.

Articles relating to the steel and aluminum tariffs:

http://www.amm.com/Article/3794914/Section-232-exemption-process-rules-released.html
https://www.commerce.gov/news/press-releases/2018/03/us-department-commerce-announces-steel-and-aluminum-tariff-exclusion

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Xavier

Xavier has always been captivated by the intricate dance between technology and manufacturing. His journey began in Minnesota, working for a local manufacturing company, and this early experience laid the foundation for his deep-rooted connection to the industry. With a family legacy in manufacturing, Xavier's insights are enriched by both personal and professional experiences. Over the years, he has dedicated himself to exploring and writing about the transformative impact of technology on the manufacturing sector. As a guest blogger on Atlas Manufacturing, Xavier shares his unique perspective, weaving together stories of innovation, tradition, and the future of manufacturing.