Facing steep tariffs imposed by President Donald Trump, fastener manufacturers and distributors are hiking prices.

Sherex Fastening Solutions recently announced a price increase.

“As you may be aware, the latest round of the U.S. government’s Section 232 Tariffs increased its tariff on steel and aluminum products from 25% to 50% on June 4, 2025,” Sherex President Adam Pratt announced.

“To address this, we must implement a 12% price increase on new orders to our standard, catalog parts made from non-U.S. steel and aluminum, effective August 1, 2025.”

This adjustment does not apply to products made from domestic wire in its U.S. facilities.

“Please know that we have worked diligently to absorb as much of the increased costs as possible to minimize the impact on you. We will continue to monitor the tariff situation closely.

“Should the tariffs be modified or removed, we will promptly reassess our pricing to reflect those changes.”

Buffalo, NY-based Sherex manufactures engineered fasteners, tooling and automation. The company was acquired by PennEngineering in 2024.

The Sherex announcement follows news that Brighton-Best International (BBI), the largest fastener importer in North America, also increased prices to counteract the impact of U.S. tariffs, Fastener World reports. A subsidiary of Taiwan-based Ta Chen International, BBI has over 90% of sales concentrated in the North American market.

Following the price adjustment, BBI’s gross margin improved to 39% in April to May, up from 33.5% in the opening quarter of 2025, while shipments are forecasted to grow by 2-4% this year.

BBl reported Q1 revenue rose 3% to NT$5.878 billion (US$200.8 million), with net profit after tax climbing 32% to NT$766 million.

Tariffs on fasteners from China have increased by 45% since the beginning of the year, and imports from Taiwan, Vietnam, India, Mexico, and Canada face a 25% duty.

The tariff rate for most fasteners from China is 70%, including 20% “fentanyl” tariffs, a 25% tariff on steel/aluminum, and a 25% tariff from Trump’s first term.