• In the last 5 years we have invested over $7 million in our manufacturing facility in order to remain competitive in world markets. A 25% increase in raw material prices has negated the effects of those investments.
• We are estimating a loss of revenue in the range of $2 to $2.5 million the reminder of this year due to the tariffs.
• It is doubtful we would put any more major investments into our facilities as long as the current conditions exist.
Now think of all the companies/workers in all the towns and states dealing w/these same issues, only worse given today’s escalation. How does this end well? /END