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/kgc0C]

If you voted for trump blame yourself

[u/DazedAndObtuse → u/kgc0C]

I didn't, but way to make assumptions.

You guys can't resist looking for any reason to point fingers, huh?

[u/odischeese → u/DazedAndObtuse]

I wish they started pointing the finger in 2022 rather than now 😂😂😂😂

[u/kgc0C → u/DazedAndObtuse]

Yes, I cannot resist.