A collapse of trade negotiations between the U.S. and Canada is more expensive bad news for Pacific Bolt Manufacturing in Langley, British Columbia, the Langley Advance Times reports.
Currently U.S. tariffs on fasteners cost one of the largest steel fastener manufacturers in Western Canada $125,000 a month, forcing Pacific to trim margins to protect prices. That was before the Trump administration hiked tariffs even more.
Pending counter-tariffs by Canada will also have an impact, the company anticipates, because Pacific imports metal from the U.S.
Pacific is looking for other sources of metal to make bolts, but finding what they need outside the U.S. has been challenging.
After negotiations in collapsed in late August U.S. President Donald Trump imposed 50% tariffs on a range of Canadian imports to the U.S.
In response, Canada Prime Minister Mark Carney announced “dollar-for-dollar” tariffs on U.S. imports into Canada that will take effect Sept. 8, charging 15% - 50% on $27.6 million of targeted products, including fasteners.





