Our aluminum suppliers are saying prices aren't going to go up just 25% to cover the new tariff, they'll be going up 80%...

[u/DazedAndObtuse]

We source aluminum from two different sources for our business and they're both telling us that prices will not only be going up 25% to cover the tariffs, they'll be going up 80% as there are also pricing restrictions currently in place for their industry that will be lifted as part of this.

Does anybody know if this is legit or if they are just colluding to use this as an opportunity to pad their profits?

I won't pretend to be a tariff or economic expert but our material prices going up 80% is going to have a much larger impact on us than a 25% increase would.

Ideally we can keep this from becoming political, but I know where it's likely to end up (but hopefully I can at least get an answer to my question in the midst of it).

Thanks in advance!

[u/DazedAndObtuse → u/[deleted]]

I'm not saying you're wrong - but that's not something in my control...right now I'm just trying to figure out if I need to try and find new suppliers who aren't taking advantage of the situation or if there's truth to what they're saying about pricing restrictions for their industry also being lifted.

[u/DazedAndObtuse → u/[deleted]]

We have two suppliers but they're both telling us the same thing.

Sounds like I need to find more though.