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Lexington welder discusses impact tariffs could have on business

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Now that the trump administration's 25% tariffs on all steel and aluminum imports have gone into effect, we talked to a central Kentucky welder who uses steel and aluminum materials for a living.
The article from MSN discusses the potential impact of tariffs on a welder's business in Lexington, Kentucky. The welder, who relies on imported materials for his work, expresses concerns about how new tariffs could increase his costs, thereby affecting his pricing, competitiveness, and overall business viability. He explains that while tariffs might protect some domestic industries, they could also lead to higher prices for consumers and potentially reduce demand for his services. The welder also touches on the broader economic implications, suggesting that tariffs could disrupt supply chains and lead to job losses in industries dependent on imported goods. He hopes for a balanced approach from policymakers that considers both the protection of local industries and the economic health of businesses like his that depend on global trade.

Read the Full WKYT Article at:
[ https://www.msn.com/en-us/money/economy/lexington-welder-discusses-impact-tariffs-could-have-on-business/ar-AA1ASpZ8 ]