President Biden announced significant measures to safeguard American workers and businesses from China’s unfair trade practices. Key among these actions is the decision to increase the tariff rate on certain steel and aluminum products under Section 301. Starting in 2024, these tariffs will rise from the current 0–7.5% to a substantial 25%. This move underscores … Continue reading How Upcoming Tariff Increases Will Impact Fastener Prices and Strategies for Staying Ahead