Steel Tariffs: Winners & Losers

Steel Tariffs: Winners & Losers

When:
October 18, 2018 @ 5:30 pm – 7:30 pm
2018-10-18T17:30:00-05:00
2018-10-18T19:30:00-05:00
Where:
Burpee Museum
737 N Main St
Rockford, IL 61103
USA
Cost:
Members $20/ Non mebers $30
Contact:
WOTM

Steel Tariffs:
Winners & Losers
 
October 18
5:30 – 7:30
Burpee Museum
737 N. Main St., Rockford

Panel discussion will address:

  • Roadmap to address rising input costs from a legal perspective; from steps to file tariff exclusions to verification of proper HTS code to understanding how even slight changes in manufacturing process can alter a product’s HTS classification and resulting duties;
  • First hand experience from steel service center on steps he has taken as an owner to adjust to the tariffs from increasing purchases from domestic mills to taking advantage of rebate programs to pressuring foreign suppliers to adjust pricing so there is an harmonization in the landed import cost vs. domestic mills to direct sourcing for his Mexican subsidiary based on Mexican trade agreements;
  • In exchange for sellers negotiating higher prices, buyers offer longer terms covered by domestic and international credit insurance to address heighten credit risk;
  • Talking points for borrowers with their lenders to address a short to medium term deterioration in financial performance until price increases can be passed along to their customers.

 

Who should attend:

  • Owners – learn how to mitigate your risk and optimize your supply chain
  • Procurement officers – effectively negotiate with your suppliers
  • Financial officers – learn how to communicate with your lenders
  • All employees – become invaluable to your employer by bringing this important knowledge to your leadership teams!

 

Register now for this invaluable learning event!

Member registration: $20

Non-member registration: $30

Appetizers will be served.

Panelists:  

Lawrence Friedman – Partner, Barnes, Richardson & Colbum
http://www.barnesrichardson.com/?t=3&A=3083&format=xml&p=3717

Ursula M. Wegrzynowicz – President, Emelev
http://image.email.firstmidwest.com/lib/fe881574766d037473/m/2/9e74b424-48d9-48b4-acc0-1e5ea78a476e.pdf

Steve Wolff – President, National Kwikmetal Services
https://nks.com/about/personnel/

Steve Olson – Senior Vice President, First Midwest Bank

We thank our investors!