Tariffs on Trailer Wheels Will Harm the Entire Trailer Industry
Written by: Taskmaster Components
Mount Pleasant, TX (June 8, 2018) - A tariff on imported wheels will have adverse effects across the entire trailer industry. Small businesses, which already operate on razor thin margins, simply cannot bear any price increases. The American wheel manufacturing industry represents a tiny fraction of the overall trailer industry workforce, and the proposed tariff will hurt all but those directly involved in building American wheels.
Taskmaster Components’ customer base is made up of, in large part, small one-shop operations. “We are worried about our customers. We are worried about the families they support. These tariffs will really hurt the shops that are just doing enough to get by right now,” Says Tom Walker, Taskmaster Components’ CEO, who goes on to explain the wider impact of a tariff: “I’m not only worried about the cost borne by the end consumer in our industry, I’m worried about every link in the supply chain, and that if the trailer industry is harmed, so will the many industries that rely on quality trailers to move their products.”
The economic repercussions of a tariff like the one proposed are enough to wipe out small operations, and many jobs along with them. The American economy has been steadily picking up steam over the past few years, and trade restrictions will only serve to throttle it. The proposed solution to the American “trade deficit problem” will be felt across a wide spectrum of businesses. The American manufacturing jobs that may be created by the enacting of a tariff on wheel imports will be vastly overshadowed by the jobs lost when the market is forced to absorb these costs.
About Taskmaster Components
Trans Texas Tire was formed in Texas, USA in 1985 and began doing business as Taskmaster Components in 2003. Its primary market is tires, wheels and tire & wheel assemblies for utility trailers, recreation vehicles, livestock trailers, over-the-road dry van trailers, and mobile homes. Its mission is to deliver cosmetically and structurally perfect tire & wheel assemblies to manufacturers while utilizing the just in time (JIT) method. Taskmaster Components was an early adopter of sourcing tires and wheels independently on a global scale. With company owned warehouses in Texas, Missouri, Iowa and Georgia, and cross docks in California and Indiana, is is able to reach your needs whether you are a trailer manufacturer or an independent retail tire chain. The company is committed to exceeding service and supply chain expectations in the OEM towable industry worldwide.
For more information, visit www.taskmasterproducts.com.