Canada has announced plans to impose retaliatory tariffs on steel, aluminum and a variety of other imports from the U.S. beginning July 1. The tariffs are in response to the Trump administration imposing a tariff on steel and aluminum imports including those from Canada beginning on June 1.
Canada’s tariffs would apply to a long list of products from pipes and tubing to washing machines and shaving cream. And Ohio could be among the hardest hit states. In 2017, Ohio exports to Canada totaled $18.9 billion.
At Staber Industries in Groveport business is good, orders are up but so is the price of steel. The company manufactures washing machines, drying cabinets and other products. Bill Staber says the tariffs are taking a toll. “I was able to buy cold rolled steel for high 30s, low 40s, and now it’s into the high 50’s low 60s since fall of last year,” Staber said.
And Staber says his cost for aluminum has more than doubled – a cost he’s been absorbing so far. He says he uses a consumer grade of aluminum that’s imported because most American aluminum mills don’t make it. “And you put the tariffs on the stuff coming in – I mean what do you expect is going to happen with the price – through the roof,” Staber said.
Orrville based Smuckers could see a 10 percent tariff placed on jellies and jams that it exports to Canada. The company issued a statement saying it is “actively assessing the potential impact” to it’s business and “continuing to monitor the fluidity of the tariff’s issue.”
The tariffs on steel and aluminum could have a significant impact on the automobile supply chain in Ohio. In a statement, Honda said it’s considering “possible strategies to mitigate any adverse effects on our customers, associates, suppliers and dealers.”