The increased price tariffs on Chinese imports, as well as tariffs on imported steel and aluminum, are making it more expensive to produce commercial equipment and supplies in the US.
As a result, this has put a strain on foodservice equipment manufacturers and suppliers, according to recent results from a NAFEM report.
More than 80% of respondents to NAFEM’s recent survey reported that the tariffs have negatively impacted their businesses.
Half of those asked admitted that said tariffs on Chinese imports are impacting their ability to compete and 53% said these are diminishing sales.
Additionally, 56% said that tariffs on imported steel and aluminum have impaired their ability to compete and 47% said these tariffs are hurting sales.
Alongside this, the majority of respondents also reported that tariffs on Chinese imports and imported steel and aluminum have raised material costs by 6-15%.
Joe Carlson, NAFEM president and CFSP, president, Lakeside Manufacturing, said: “The survey clearly demonstrates that tariffs are negatively impacting U.S. businesses, which doesn’t bode well for U.S. jobs and a strong economy.
“Trade wars have no winners. Now is the time for talks, not tariffs. We’re encouraged by recent Congressional action to work toward a solution to unfair trade practices. We need a solution that does not include tariffs that ultimately hurt American workers and consumers.”
NAFEM is a trade association of more than 550 foodservice equipment and supplies manufacturers providing products for food preparation, cooking, storage and table service.