Tariffs imposed by the Trump administration on imported steel and aluminum are having a profound impact on raw metals used in the production of HVACR equipment and component parts. Several OEMs have already announced equipment price hikes, and more are likely to follow. Don't get caught short. There are things you can do to manage the financial impact on your business.
ACCA's voice is not silent: ACCA remains in front of tariffs increasing costs on ACCA Members and taxing consumers. ACCA has been in communication with OEMs on this issue to ensure contractors' voices are heard as the OEMs respond to the impact of the tariffs on their businesses.
Two manufacturers have announced equipment price hikes. Don't be surprised if other OEMs follow with similar price hikes. Several contractors have reported receiving price increases nearing 10% on sheet metal products, registers, and diffusers.
Take immediate steps: ACCA recommends that you work with your customers to alert them to market volatility created by these issues. Things you can do:
Informed and prepared contractors can manage these type of pricing issues. Keeping you informed of market conditions and sharing intelligence is part of ACCA's mission to lead your company to business success!
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