Fastener Pricing

Wondering if anyone out there has been hearing a buzz about large scale fastener price increases on the immediate horizon for fasteners coming out of China? In a recent conversation with one of our vendors they made mention of a tariff going into effect on fasteners (nails and screws in this case) which was estimated to result in a 40-60% (and possible more) increase in fastener pricing. They were talking that they had already seen some fastners jumping 30%+ within the last week.
Just wonder what others may be hearing/encountering, Mark
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