Hammond Manufacturing flags 50% US Section 338 tariffs on Canadian imports as risk to sales, profit
Reuters2026/08/24 23:05- New 50% U.S. tariffs on certain Canadian imports under Section 338 took effect Aug. 22, 2026, following a three-day pause.
- Hammond estimates the measure would have hit 3.5% of net sales through June 26, 2026, if applied year-to-date.
- Net income for the same period would have fallen about 60 basis points under the tariff scenario.
- Management expects continued uncertainty on scope and implementation, maintaining its existing customer-support strategy.
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