Woodworking Industry News
Last week, within hours after Trump announced the 25 percent tariff on steel and 10 percent on aluminum, many industries rose up in protest, said Gene Wengert, the Wood Dr.
“Auto manufacturing indicated that this tariff would raise prices, affect sales and cause large (maybe 200,000) unemployment,” he said. “These industries responded within hours of Trump’s action. The stock market lost around 2 percent.”