Trinity Fastener sells screws, nuts, bolts, and other types of fasteners. Craig Christensen, the company’s president and owner, says the business faces uncertain times.
“The biggest challenge right now is the confusion about what is happening and when it will end,” Christensen said.
On Wednesday, President Donald Trump announced a 50% tariff on imported steel and aluminum. This tariff affects many fasteners that Trinity Fastener sells.
“Most of our fasteners are made of carbon steel,” Christensen explained. “They are usually coated with zinc. Stainless steel fasteners are also very popular.”
Because Trinity Fastener ordered supplies early and has them in stock, the tariff will not affect the company immediately.
“The tariff applies only when the shipment arrives at the port and is unloaded,” Christensen said. “So, the impact won’t be felt for about six months.”
However, some prices are already rising. This happens because importers raise their prices in anticipation of tariffs.
“Many importers and manufacturers have increased their prices to stay ahead,” Christensen said. “Because of this, we are already feeling some effects.”
Running a business under these uncertain conditions is difficult.
“It’s impossible to predict what will happen next,” Christensen said. “We take it one day at a time.”
He hopes that the U.S. and its trade partners will soon reach an agreement.
“We need to find a fixed number and stick with it,” Christensen said.
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