In an interview, Stan Kolbe, executive director of government and political affairs at SMACNA discussed the economic effects of the U.S. Section 232 tariffs on steel and aluminum.
The stop-and-start-again tariffs have started again. Today, the Trump Administration initiated tariffs on Mexico and Canada at 25%, and increased tariffs on China to 20%. For HVAC contractors attempting to protect their profit margins during the coming tariff regime, it’s important to know what percentage of parts and equipment are made in the U.S. versus being imported.
A vast majority of survey respondents, 92%, ranked contractor reputation extremely important or very important, and HVAC contracting experts agreed that reputation is crucial.
Elon Musk recently voiced his support for the trades, and TV personality Mike Rowe believes they could collaborate to highlight the excellent career opportunities available for young people.