Steel, Aluminum Tariffs Raise Cost Concerns for Drinkware
Editor’s note: This article was originally published by our partner, ASI. Learn more about the dual membership.
President Donald Trump has announced a 25% tariff on all imported steel and aluminum, with a likely effective date of March 12, 2025. This move aims to protect the domestic steel industry and applies universally, including to countries previously exempted.
Relevance for Suppliers and Promotional Product Decorators
Promotional product suppliers express concerns that these tariffs could lead to increased costs, particularly in the drinkware category, which constitutes 10.7% of industry sales. Items that could be affected include stainless steel tumblers and aluminum water bottles, potentially making them more expensive to produce and source should the tariff drinkware. Suppliers are assessing potential impacts, and they continue to monitor tariff developments and collaborate with distributors and end-buyers to navigate potential price increases and supply chain challenges.
