Steel businesses suffer from Trump's tariffs

When Bill Adler, owner of a metal stamping company in Ohio, prepared to bid on a contract to make commercial sausage stuffers for a company that wanted to replace its Chinese supplier last year, he thought he could by matching China's price.

But with the 25 percent tariffs on imported steel and aluminum imposed by the Trump administration, the price of raw materials increased about 50 percent from last October. Not only did Adler bid fail - the $1 million in new factory investment and the 10 new jobs it would have created evaporated.

"If it wasn't for the increase that came on because of the threat of tariffs, then I honestly believe we'd be supplying these domestically," Adler told the Washington Post. "This directly affects my life, my employees, my investments."