• Mon, March 3, 2025

by: KPBS

South Bay manufacturing company says tariffs will hurt business

"Because when you have stability, business people are then willing to invest. If you don't have stability, you can't put — make a big outlay into a fixed asset, or capital expense that then may become useless. You can't do that," Barnes said.
  • Tue, March 4, 2025

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South Bay manufacturing company says tariffs will hurt business

"Because when you have stability, business people are then willing to invest. If you don't have stability, you can't put — make a big outlay into a fixed asset, or capital expense that then may become useless. You can't do that," Barnes said.
The article from KPBS discusses how a South Bay manufacturing company, specifically Crown Lift Trucks, is facing potential negative impacts due to new tariffs on steel and aluminum imports. The company, which relies on these materials for its forklift production, argues that the tariffs will increase their costs, making their products less competitive in the global market. CEO Jim Dibbern expressed concerns that while the tariffs aim to protect domestic industries, they could lead to retaliatory measures from other countries, potentially reducing Crown's export opportunities. The company has been actively lobbying against these tariffs, highlighting the interconnected nature of global trade and the unintended consequences such policies might have on businesses like theirs.

Read the Full KPBS Article at:
https://www.kpbs.org/news/science-technology/2025/03/03/south-bay-manufacturing-company-says-tariffs-will-hurt-business