Tariff Impact on Heritage Steel - Tariffs on steel and aluminum are expected to significantly increase Heritage Steel's input costs, potentially by at least 50% [1] - Heritage Steel imports approximately 75% of its raw materials, making it vulnerable to tariff-related price increases [2] - The company has increased prices by about 15% to partially offset rising costs [4] Competitive Landscape - Competitors importing finished products may face tariffs on their entire product lines, potentially leading to higher prices [3] - The lack of a US supply chain for necessary inputs is seen as punitive, despite efforts to maintain domestic jobs and manufacturing [4] Potential Advantages - Heritage Steel believes there could be some advantages due to manufacturing in the US [1] - Competitors may face tariffs on their entire products, which could skyrocket their prices [3]
This American cookware maker says paying more than $200k in tariffs could be good for business
NBC News·2025-08-07 21:48