Dayton metal suppliers feeling the impact of proposed tariffs
DAYTON, Ohio (WKEF/WRGT) - Dayton metal suppliers are feeling the effects of tariff talks.
Business owners are facing increasing prices with President Trump's proposed tariffs on steel and aluminum.
In March, the Trump Administration proposed a 25 percent tariff on steel imports and 10 percent on aluminum.
Since then, Budde Sheet Metal Works in Dayton says it's been paying more for its metal material.
“We had pricing on aluminum at $1.99 a pound and the next day it was going up to $2.05 a pound,” says President, Candice Budde.
She says the metal market has always been volatile.
“But usually not the volatility we’ve seen lately,” says Budde.
The volatility is the biggest challenge for them and their customers.
“So when we quote something today, if the price changes tomorrow when we get the purchase order from our customer we will do an up charge for the cost increase on the material,” says Budde.
President Trump has delayed steel and aluminum tariffs for U.S. allies for the month of May, but it hasn't still hasn't stopped prices from soaring.
"Since the talk of tariffs prices have drastically increased,” says Rick Valencia, owner of Metal Supermarkets Dayton.
His customers are also feeling the hit from talks of tariffs.
"If they’re not buying it the next day or two, we’re usually having to go back just to requote because many times the pricing has increased.”
But business are hopeful price stability will return, it's just a question of when.
“We just have to roll with the punches as they come,” says Candice Budde,