Reports indicate that the Biden administration will look to rebalance the tariffs on Chinese fasteners and other goods, potentially reducing those that are not in the U.S. interest.
May 19, 2024
New HQ provides “a much bigger footprint, improved working conditions, greater operational efficiency, a dedicated kitting and value-added operations area."
Canada’s counter tariffs on $20 billion of U.S. goods include a 50% duty on fastener code 7318 (screws, bolts, nuts, rivets, washers).
Deal expands German fastener manufacturer’s existing production capacities near São Paulo.
