00:00The
00:21I will be using the
00:26recipe.
00:31It is a great day.
00:35I will be using the recipe for a few minutes.
00:40I will be using the recipe for the recipe.
00:45I will be using the recipe for a few minutes.
00:50Right now we're holding off on investments, waiting to see the consistency of the policy
01:00versus the up and down and off and on.
01:03We're living in chaos right now.
01:05We don't know how to plan.
01:07And in the United States, we can only make about 25 percent of the tin plate that's required
01:13to do what we do and what the sanitary people do and the aerosol people and the paint can
01:18people.
01:19Those all require us to buy in the neighborhood of 70 percent of our steel outside of the
01:24United States.
01:26Right now, the tariffs are a challenge because we don't make the product here.
01:31And we're tariffing things, which ends up just being a tax for the people.
01:35If things that are not made here should not be tariff.
01:39So if a can is 50 percent steel and the 25 percent tariffs went in, you're going up about
01:4412 and a half percent.
01:46We did, through the first set of tariffs, absorb quite a bit of it.
01:49But now that we're getting to 50 percent, we can't absorb that and remain in business.
01:55I think it is threatened by this.
01:58I think that our business will survive.
02:00There are things that have to be in metal just because of the longevity of the package
02:05on the shelf.
02:06It can last much longer in metal than other packages.
02:08But there may be some things that disappear and go to other alternative packaging.
02:14We'll survive.
02:15It may cost jobs.
02:17We did close our plant in Iowa a year ago because of the tariffs that we're already in.
02:21We're already in.
02:49No.
02:50No.
02:50No.
02:52No.
02:53You
Comments