Fastenal has stated that price rises “as one element of our strategy to offset tariffs” have not been able to also offset wider cost increases. As a result the industrial distributor’s EBITDA margin dropped to 22.8% in 2Q from 23.9% a year earlier. Price rises are the most widely used corporate strategy for tariffs, but can lead to reduced demand. Fastenal’s U.S. seaborne imports fell 6.6% year over year in 2Q. The firm has yet to change its supply chain mix though. Its imports from China only declined 2.2% while those from India slumped 33.9%. Should the firm ...