Steel, Aluminum Tariffs Take Effect, Prices Increase

摘要

As tariffs on imported steel and aluminum went into effect last month, more tariffs are on the way. And so far, that's translated into price increases for several tire manufacturers. "The significant volatility we experienced in the prices of steel and aluminum materials since January 2017 due to supply constraints is now being compounded by the recent announcements on steel tariffs," said John Salvatore, CEO at The Carlstar Group, who annouced price increases of up to 18% on aluminum wheels and steel components, effective April 9.