Austin — The cost of aluminum and the upcoming steel to the United States has become more expensive. Overnight, President Donald Trump’s tariff entered a 50 % on these materials.
Austin’s companies said they feel the additional cost of customs tariffs on different products and countries.
One of those companies is a joyful game. The store contains a colored set of games and games on its shelves.
The chief operational official Ruby Beetnato said almost all of their purposes traveled all over the world to get here.
“I don’t think there is anything more famous as it comes from China than games and gifts,” Beetnato said. “Many of them are in Vietnam, Indonesia or Malaysia.”
During the past few months, the cost of bringing them has increased as President Trump has put his introductory plans on imports from those countries.
“Many sellers only place additional fees on the customs tariff on the bill,” said Beatnato.
Pettinato joined other business leaders during the Town Town Hall meeting on Wednesday. They discussed the impact of the trade war on the region’s economy.
“Some of the sellers with whom we work for 20 years, only literally freezes their operations because they cannot bear the product they already paid and manufactured.”
Ruby Bettinato, Chief Operating Operator
“Uncertainty about definitions”
A new report presented Non -profit farmers for free trade “They said 1.5 billion dollars in definitions in March. The report claimed that this was a 167 % increase compared to last March.
Now, the recent increase in tariffs on steel and aluminum causes worried about local beer factories.
“We cannot get our boxes out of the port because of these definitions and uncertainty about the definitions.”
Dave Childes, founder of Fast Friends Beer Co.
But the definitions did not harm everyone. In April, Made in America Kxan told some benefits.
“We are already seeing new opportunities. There is a new agent for us to bring some work from Canada and give us the opportunity,” said the owner and President Bradan Yuddi.
However, for many this is an unknown water. Some companies said they were left to move in the unknown, because they wonder whether more definitions will come.
“If this starts to reach a year, two years, and three years, and our revenue continues to shrink,” Beetnato said. “We cannot float that.”