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Paul Teller discussed President Trump’s China trade strategy during with distributors attending the annual HARDI Congressional Fly-In in Washington, D.C.
On May 30, the White House released a statement announcing the imposition of a 5 percent tariff on all goods imported from Mexico, starting on June 10.
Price increases are caused by numerous factors, including tariffs, tightness in supply chains, the cost of freight, shortage of drivers, constraint of product, the never-ending threat of interest rates, and more
This led to concerns that higher prices would cause customers to repair their systems, rather than replace them, and a second round of price increases from some OEMs later in the summer magnified that concern.
These actions have increased the prices of sheet metal and aluminum, among other items, and they seem to be having a trickle-down effect for commercial HVACR contractors.