A handful of small American companies benefit from the aggressive pricing policies of President Trump.
Most companies are struggling with higher costs and rush to find new suppliers following Trump’s large -scale rates on imports.
But a metal producer in Pennsylvania experienced an increase in sales of 35% in the first quarter of the year.
Meanwhile, an advertising and marketing company in Missouri declared an even larger bump of 40% of income.
Ellwood Group, which manufactures forged steel, nickel and aluminum products, has seen orders arise while major construction projects are looking for alternatives to Asian steel previously cheaper.
Trump imposed a 25% rate on all imports of steel and aluminum in March.
“Customers want to get ahead of prices,” said David Barensfeld, president of Ellwood, at Wall Street Journal.
“They diversify, relocate because they want to detect foreign supply chains.”
Ellwood Group experienced an increase in sales of 35% in the first quarter of the year.
David Barensfeld, president of Ellwood
The rise in demand led the company to add 50 additional workers to its 2,000 staff – with plans to hire 50 others.
Ellwood also provides higher payments to share profits for current employees.
The chaos of Trump’s initial announcements sent the diving of stock markets and companies in shock.
However, the 90 -day break with most prices greater than ten percent has provided help as well as an increased uncertainty for businesses. Xxxx is this increased uncertainty
Big Time Advertising & Marketing in St Louis, Missouri is another company that has experienced an unexpected boost of prices.
The agency, specializing in work for new and used automobile dealers, has seen its income increase by 40% this year.
Its customers ask the agency to make campaigns that use buyers frightened by prices and overall economic uncertainty.
“Our phones are already ringing. “How much should I spend? How should I change my messages?” The CEO of the agency, Terry Maccauley, told the newspaper.
Big Time Advertising & Marketing in St Louis saw its income increase by 40% this year
“As prices increase and buyers become more hesitant, our jobs become greater,” he said.
In addition to its existing customers, the company has signed five new customers in only the last month.
Maccauley said he was planning to hire more staff, but wants to be sure that the sharp increase in business will last.
“I still have one foot on the platform and a foot on the boat, ready to sail,” he said.
The capricitus of Trump’s policy changes means that companies are unable to plan with certainty.
Formic Technologies, a robot rental startup, told the newspaper that its activities had jumped in recent months when American manufacturers are trying to increase capacity without making long -term commitments.
If the manufacturers’ activity dives again, they can simply return the robots.
