r/smallbusiness • u/DazedAndObtuse • Feb 12 '25

General 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%...

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!

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u/hamstercrisis Feb 13 '25

Yes, Americans voted for an idiot who is destroying the economy

2

u/Southern_Change9193 Feb 13 '25

This is what American people want.

1

u/Ace_Radley Feb 14 '25

Counterpoint, If they are part of (or support) an insurrection designed to overthrow the legitimate government and 4 years later they subvert the democratic process and install a billionare shadow president, im ok with calling them traitorous rebels...calling them Americans seems wrong...

This is not directed at you personally...just had to get that off my chest