Trump metal tariffs wreak havoc on US can factory

The Manila Times

Trump metal tariffs wreak havoc on US can factory  "We're living in chaos right now," laments an American tin manufacturer in Maryland. Since US President Donald Trump introduced a 50 percent tariff on steel, Rick Huether, who imports 70 percent of the tinplate he needs as he is unable to source enough of it domestically, says his family company "is threatened by this."   AFP VIDEO  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net  Follow us:  Facebook - https://tmt.ph/facebook  Instagram - https://tmt.ph/instagram  Twitter - https://tmt.ph/twitter  DailyMotion - https://tmt.ph/dailymotion   Subscribe to our Digital Edition - https://tmt.ph/digital   Check out our Podcasts:  Spotify - https://tmt.ph/spotify  Apple Podcasts - https://tmt.ph/applepodcasts  Amazon Music - https://tmt.ph/amazonmusic  Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcher  Tune In: https://tmt.ph/tunein  Soundcloud: https://tmt.ph/soundcloud   #themanilatimes #tmtnews #worldnews

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00:00The

00:21I will be using the

00:26recipe.

00:31It is a great day.

00:35I will be using the recipe for a few minutes.

00:40I will be using the recipe for the recipe.

00:45I will be using the recipe for a few minutes.

00:50Right now we're holding off on investments, waiting to see the consistency of the policy

01:00versus the up and down and off and on.

01:03We're living in chaos right now.

01:05We don't know how to plan.

01:07And in the United States, we can only make about 25 percent of the tin plate that's required

01:13to do what we do and what the sanitary people do and the aerosol people and the paint can

01:18people.

01:19Those all require us to buy in the neighborhood of 70 percent of our steel outside of the

01:24United States.

01:26Right now, the tariffs are a challenge because we don't make the product here.

01:31And we're tariffing things, which ends up just being a tax for the people.

01:35If things that are not made here should not be tariff.

01:39So if a can is 50 percent steel and the 25 percent tariffs went in, you're going up about

01:4412 and a half percent.

01:46We did, through the first set of tariffs, absorb quite a bit of it.

01:49But now that we're getting to 50 percent, we can't absorb that and remain in business.

01:55I think it is threatened by this.

01:58I think that our business will survive.

02:00There are things that have to be in metal just because of the longevity of the package

02:05on the shelf.

02:06It can last much longer in metal than other packages.

02:08But there may be some things that disappear and go to other alternative packaging.

02:14We'll survive.

02:15It may cost jobs.

02:17We did close our plant in Iowa a year ago because of the tariffs that we're already in.

02:21We're already in.

02:49No.

02:50No.

02:52No.

02:53You

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