Local affect of the new steel and aluminum tariffs - NBC Right Now/KNDO/KNDU Tri-Cities, Yakima, WA |

Local affect of the new steel and aluminum tariffs

Posted: Updated:

TRI-CITIES, WA - Just last week, President Trump called for raising tariffs on foreign steel and aluminum manufacturers.

There's three parts to this - you have the manufacturers of aluminum and steel, the industries in need of the aluminum and steel for their products (such as cars, soda cans or even building structures), and then you have the foreign suppliers of aluminum and steel... like China.

The strong reliance on Chinese steel and aluminum is because of the low prices they offer. The idea of the tariff is to stop our reliance on Chinese imports, and return jobs and money to the U.S. That's just the foreign trade part.

As far as the affect the tariffs will have locally, industries may see a higher demand for aluminum and steel produced in the U.S. This which would in turn drive up the prices for companies making soda cans, cars, or anything with steel or aluminum in it.

In our area, John Springer, Vice President for Metal Fab in Tri-Cities, says they're already preparing for this.

"Short-term there is going to be some price increase almost immediately and then we may have some steel shortages," said Springer. "But I don't think we will have much because of the early announcement."

NBC Right Now also talked to the company that supplies Metal Fab with their products: Pasco-based Pacific Steel. The branch manager says they've already had to increase prices for their customers, but customers were aware that it was coming because of the President's announcement.

Long-term, this could have a negative effect on foreign trade, but again the goal is to bring those jobs back into the U.S.

HD DOPPLER 6i
/
  • Tri-CitiesTri-Cities NewsMore>>

  • National police week memorial at Columbia Park

    National police week memorial at Columbia Park

    Saturday, May 19 2018 7:57 PM EDT2018-05-19 23:57:02 GMT
    KENNEWICK: National police week falls on May 15th each year and recognizes the service of U.S law enforcement. Today at Columbia Park local law enforcement agencies came together to recognize those who have served, and also those who may have died during a line of duty. At the memorial not only did the Kennewick Police Chief, Ken Hohenberg speak, but also a couple other former law enforcement officers. Kennewick Police Chief, Ken Hohenberg wants to not only recogni...More >>
    KENNEWICK: National police week falls on May 15th each year and recognizes the service of U.S law enforcement. Today at Columbia Park local law enforcement agencies came together to recognize those who have served, and also those who may have died during a line of duty. At the memorial not only did the Kennewick Police Chief, Ken Hohenberg speak, but also a couple other former law enforcement officers. Kennewick Police Chief, Ken Hohenberg wants to not only recogni...More >>
  • Kidz Dig Rigz at Columbia Park

    Kidz Dig Rigz at Columbia Park

    Saturday, May 19 2018 7:27 PM EDT2018-05-19 23:27:46 GMT
    KENNEWICK: "Ooooing and Ahhhing," that's what many kids at Columbia Park were doing today, during "Kidz Dig Rigz." Event coordinator and Kadlec Pediatrics manager Melanie O'brien says the purpose for this event is not only to raise funds for Kadlec's pediatric patients, but also to educate kids about fields like agriculture, construction and the fire and rescue team; all while having some fun in giant tractors and monster trucks. Tucker Maple was one of the firs...More >>
    KENNEWICK: "Ooooing and Ahhhing," that's what many kids at Columbia Park were doing today, during "Kidz Dig Rigz." Event coordinator and Kadlec Pediatrics manager Melanie O'brien says the purpose for this event is not only to raise funds for Kadlec's pediatric patients, but also to educate kids about fields like agriculture, construction and the fire and rescue team; all while having some fun in giant tractors and monster trucks. Tucker Maple was one of the firs...More >>
  • Family members in Zambrano case reach settlement agreement

    Family members in Zambrano case reach settlement agreement

    Friday, May 18 2018 10:07 PM EDT2018-05-19 02:07:48 GMT

    It's been more than three years since three Pasco Police officers shot and killed Antonio Zambrano. 

    More >>

    It's been more than three years since three Pasco Police officers shot and killed Antonio Zambrano. 

    More >>