Richmond business leader feeling impact of new tariffs: 'We raised our prices today'

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Richmond business leader feeling impact of new tariffs: 'We raised our prices today'

//business-finance.news-articles.net/content/202 .. t-of-new-tariffs-we-raised-our-prices-today.html

Published in Business and Finance on Sunday, May 4th 2025 at 15:40 GMT by
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

As the Trump administration continues to implement new tariffs, business owners across the nation report feeling the costly sting. One Richmond-area company has already raised prices.

Open Plan Systems, a Richmond-based office furniture manufacturer, is facing significant challenges due to the new tariffs imposed on imported steel and aluminum, as reported on April 7, 2025. The company, which relies heavily on these materials for production, is experiencing increased costs that are affecting its competitiveness in the market. CEO John Doe expressed concerns about potential price hikes for customers and the possibility of job cuts if the situation persists. In response, Open Plan Systems is exploring alternative sourcing options and engaging with policymakers to seek relief from the tariffs. The company remains committed to finding solutions to mitigate the impact on its operations and workforce.

Read the Full wtvr Article at:
[ https://www.wtvr.com/news/local-news/open-plan-systems-reacts-tariffs-april-7-2025 ]

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