WASHINGTON — President Donald Trump’s new tariffs on Chinese imports could fuel record growth at a Central New York factory that has become America’s last maker of stainless steel flatware, the company’s co-founder said Tuesday.
“It could be a game changer,” said Greg Owens, CEO of Sherrill Manufacturing in Oneida County. “Certainly, a 10 percent tariff will have everyone’s attention.”
Trump on Monday night announced the U.S. would impose tariffs on an additional $200 billion in Chinese imports, affecting consumer products from air conditioners to forks and knives.
The 10 percent tariff, effective Sept. 24, will increase to 25 percent in the new year, Trump administration officials said.