NY Times: Who Likes Tariffs? Some U.S. Industries Are Eager for Them
Stephen Capone, Pres. of SFNE fabricator member company Capone Iron Corp., was interviewed in a recent NY Times article re: tariffs and Canadian steel imports.
The United States buys more steel from Canada than from any other country, and those imports will become much more expensive under tariffs President Trump intends to impose this week.
That’s good news to Stephen Capone, president of Capone Iron Corporation of Rowley, Mass., which makes steel stairs, handrails, gratings and other products and has around 100 employees. For too long, he said, Canadian competitors have been flooding the New England market with cheap steel products, preventing his and other local companies from winning business.
“No matter how low we bid, they can underbid us on any job,” Mr. Capone said. “They’re decimating our market.”