Local Reaction is also pouring in on President Trump’s idea of imposing steel tariffs across the board against every nation except Canada and Mexico.
Warwood Tool has been manufacturing hand-forged steel tools for more than a century.
At Warwood Tool, they don’t buy foreign steel.
In 164 years, they have bought only American.
So they said it won’t have a big effect on them.
The American steel producers they buy from are pleased.
Warwood Tool Vice President, Phillip Carl said, “There are only a handful of large running producing steel mills in the country and we buy from a majority of them and they’re all very excited about it.”
Phillip Carl said America is at a disadvantage in selling our goods to the rest of the world.
“We are undoubtedly the most taxed, tariffed country as far as exports are concerned to the world than any other country on the globe,” said Carl.
They said other American companies that buy foreign steel could have to raise their prices.
For instance, a can of Campbell’s Soup could go up half a cent.
Warwood Tool President, Logan Hartle said, “When you’re buying at the grocery store it doesn’t seem like a lot. But if you’re buying ten million cans and you’re the company who’s buying those cans to fill those cans, it can create quite a bit of expense for your company.”
They believe the tariffs are fine against some countries like Brazil and Russia who are not trade-friendly with us.
“But we do have allies like Germany who we buy a lot of steel from, South Korea we see a lot of steel from, countries like that, a more one-on-one approach would be a little bit better, I think,” Hartle said.
And they said it might prompt more American steel mills to open or re-open.
Hartle said, “Where demand increases, supply increases as well. There’s a lot of people with a lot of money out there in industry that, if there’s a penny to be made, they will invest in it. Absolutely.”