What the New Tariffs Could Mean for Fleets
President Donald Trump’s executive order imposing tariffs on foreign steel and aluminum may translate to higher prices to commercial fleets for vehicles and truck or van equipment, fleet management company experts said.
“While it’s likely there will be short term employment gains in the protected industries, for those manufacturers that have depended on imports for some of their supply chain raw materials there is the strong possibility they will pass through to consumers and businesses their increase cost of goods,” said Tom Coffey, vice president of sales and marketing for Merchants Fleet. “Overall, it is very possible we will see an impact in vehicles prices.”
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