Facing steep tariffs imposed by President Donald Trump, Sherex Fastening Solutions 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 announcement follows news that Brighton-Best International (BBI) increased prices to counteract the impact of U.S. tariffs. A subsidiary of Taiwan-based Ta Chen International, BBI has over 90% of sales concentrated in the North American market.