Tariffs on Screws Are Already Hitting Manufacturers

Rising costs for screws are rippling through manufacturing supply chains.

President Trump’s tariffs implemented this month on steel and aluminum imports have scrambled the supply chains of companies that make everything from car parts to appliances and football helmets to lawn mowers.

Unlike a similar Trump levy in 2018, the latest ones cover a wider range of imports, including the screws, nails and bolts that serve as the connective tissue in manufacturing.

That has set off a hunt to find domestic supplies of some of manufacturing’s smallest components. Tariffs on imported steel and aluminum are already driving up the costs of foreign and domestic metal used to make those components. Manufacturing executives said the U.S. doesn’t have the plants to churn out the amount of steel wire or screws and other fasteners needed to displace imports.

https://www.msn.com/en-us/money/markets/tariffs-on-screws-are-already-hitting-manufacturers/ar-AA1BW5wA