NORTHBRIDGE — Every month, Jim Knott Jr. orders at least a thousand tons of steel rods for his wire factory here in the Blackstone Valley. But the shipment from Canada that arrived in June carried an unwelcome addition: an extra charge of $54,000 to cover a new tariff President Trump imposed on foreign steel as part of his aggressive trade policy.
The Boston Globe
A Lobster Trap Captures the Complexities of a Global Trade War
Fish Information & Services
Higher Trap Price Adds Further Trouble to Maine’s Lobstermen Sector
Maine’s lobster industry is now facing a new hurdle: rising lobster trap prices due to the increased cost of steel and labor for makers of this fishing gear.
The Telegram & Gazette
Trade Policy Slaps Central Mass. Companies with Price Hikes
The letter from Canada brought unwelcome news.
ArcelorMittal, a steel manufacturer, announced it was hiking the price of steel it sells to Riverdale Mills Corp. of Northbridge by 25 percent starting June 1 to cover the cost of a new U.S. tariff.
Manufacturers’ Mart
Riverdale Mills Awarded AIM-IBC 2016 Global Trade Award
Riverdale Mills Corporation has received a Global Trade Award by the Associated Industries of Massachusetts International Business Council (AIM-IBC). The award recognizes Massachusetts’ companies that “demonstrate excellence in international trade and set the standard for global business.”