Taxes, Tariffs & Trade
Members also said the tariffs are causing material costs to rise anywhere from 6 to 15 percent, impacting their abilities to compete and hurting sales. As part of its continued effort to draw attention to how tariffs are impacting U.S. businesses, NAFEM issued a press release on the survey findings and shared results with a variety of elected officials.
A three-judge panel of the U.S. Court of International Trade heard oral arguments in a lawsuit brought by the American Institute of International Steel (AIIS) and two of its member companies alleging that the Section 232 tariffs on steel and aluminum are unconstitutional based on the 1962 federal law used to impose the tariffs.
Three days of trade talks with China to address tariffs concluded on Jan. 10 without a significant breakthrough or details on when talks would continue.