Utah roller coaster company faces uncertainties in face of Trump tariff plans

Mar 9, 2018, 5:09 PM | Updated: 9:59 pm

LOGAN — President Trump’s announcement this week that he plans to impose a 25 percent tariff, or tax, increase on imported steel and a 10 percent hike for aluminum, could harm a number of Utah companies that use those products.

Photo Courtesy: S&S-Sansei Technologies

S & S Worldwide in Logan makes equipment used in amusement park rides around the world, which means they use a lot of steel, so news about the tariffs is a big deal for their bottom line.

“Steel is the primary component of everything we do, from the track to the structure, to everything that goes into our rides,” Jason Mons, S & S Worldwide Chief Operating Officer & Executive Vice President said Friday.

If you’ve been on a roller coaster or other ride, either at Utah’s Lagoon, or another amusement park, chances are S & S Worldwide had something to do with it. Since 1994, the company has been at the forefront of producing the fastest, most creative and often terrifying riding experiences.

“The amusement park industry is booming worldwide, from Orlando to China to Europe,” Mons said. “It’s growing every day and new rides are being introduced around the world every day.”

Gale Force Triple Launch Coaster made with parts from S & S Worldwide in Logan. Photo Courtesy: S&S-Sansei Technologies

Creating and building those rides, takes tons and tons of steel. S & S works with suppliers which bring in steel from around the world, and the talk of increased tariffs is causing some concern. Mons said steel prices began going up weeks ago, before the tariff was official. He said higher prices and higher tariffs will certainly affect the bottom line.

“We’re talking about uncertainties about contracts that we may have already signed and have prices already locked in for ourselves, and how we’re going to supply those contracts that are still out a year or maybe two.” Mons added, “We recently got a quote from a supplier and the quote was significantly more than the last time we purchased from them, and their reasoning for that was because of the uncertainties of what the tariffs was going to do.”

The increased import tariffs also has generated fear of trade wars developing between other countries and the U.S.

Utah is ranked No. 6 in the nation for trade exports, a $12-billion industry. Retaliation against businesses here, many of them small, could hurt.

Photo Courtesy: S&S-Sansei Technologies

“We’re already hearing other countries like China and like the European Union saying if you’re going to increase prices on our goods, we’re going to raise prices on your goods,” said Derek Miller, President & CEO of World Trade Center Utah.

“We use steel, and we use aluminum,” Miller said. “We’re an advanced manufacturing economy. So we have, by our count, over 200 companies that could impact over 9,000 employees and could impact their jobs by driving up prices. It makes them less competitive in the global marketplace.”



KSL 5 TV Live

Top Stories

Local News

Madison Swenson

Ramp closed in Salt Lake City after semi carrying tar overturns

One person was taken to the hospital Wednesday after a semi-truck hauling tar rolled in Salt Lake City.
11 hours ago
(Chopper 5/KSL TV)...
Logan Stefanich, KSL.com

Nodding to the past, looking to the future. Utah’s Kennecott again mining copper underground

The Kennecott Copper Mine has been a fixture of the Salt Lake Valley for over 100 years and on Tuesday, the mine announced that it will be moving mining operations underground in its next step to extract copper.
11 hours ago
Zachary Crane and Gabriella Arnold, two students who had their tests destroyed....
Debbie Worthen

High school students retake AP tests after school mix up destroyed them

Two dozen Green Canyon High School students in North Logan won’t get credit for AP tests they took last May as the tests were mistakenly destroyed in transit.
1 day ago
Photo illustration (Photo by Matt Cardy/Getty Images)...
Matt Gephardt

Get Gephardt: Your credit card can up your interest rate without telling you

If your credit card company raises your interest rate even just a little bit, it could have a significant impact on how long it takes you to get out of debt. A relatively new law means your credit card company can do just that and they do not even have to give you the heads up.
1 day ago
Police closing the road of Mountain View Corridor and 9000 South after an accident. (UDOT)...
Michael Houck

Three-vehicle crash closes Mountain View Corridor, one passenger ejected

Police closed a portion of Mountain View Corridor after a three-vehicle crash Tuesday night.
1 day ago
Kevin Linford (Facebook)...
Michael Houck & Andrew Adams

Additional charges filed for Utah business owner accused of sexually assaulting two women

The Utah business owner arrested for assaulting two women at a party is facing additional sexual assault charges.
1 day ago

Sponsored Articles

young woman with stickers on laptop computer...
Les Olson

7 ways print marketing materials can boost your business

Custom print marketing materials are a great way to leave an impression on clients or customers. Read for a few ideas to spread the word about your product or company.
young woman throwing clothes to organize a walk in closet...
Lighting Design

How to organize your walk-in closet | 7 easy tips to streamline your storage today

Read our tips to learn how to organize your walk-in closet for more storage space. These seven easy tips can help you get the most out of your space.
Types of Computer Malware and Examples...
PC Laptops

5 Nasty Types of Computer Malware and Examples | Everything You Need to Know to Keep Your Computer and Family Safe

Here are the different types of computer malware and examples that could potentially infect your computer.
tips how to quit smoking...

7 Tips How to Quit Smoking | Quitting Smoking Might be One of the Hardest Things You Ever Do but Here’s Where You Can Start

Quitting smoking cigarettes can be incredibly difficult. Here are 7 tips how to quit smoking to help you on your quitting journey.
Photo: Storyblocks...
Blue Stakes of Utah 811

Blue Stakes of Utah 811: 5 Reasons To Call 811 Before You Dig When Working in Your Yard

Call before you dig. Even at home, you could end up with serious injuries or broken utilities just because you didn't call Blue Stakes of Utah 811.
Days of...
Days of '47 Rodeo

TRIVIA: How well do you know your rodeo? Take this quiz before you go to the Days of ’47!

The Utah Days of ’47 Rodeo presented by Zions Bank is a one-of-a-kind Gold Medal Rodeo being held July 20-23, 25 at 7:30 PM. The Days of ’47 Rodeo How well do you know your rodeo trivia? Take the quiz to test your know-all before heading out to the Days of ’47 Rodeo at the […]
Utah roller coaster company faces uncertainties in face of Trump tariff plans