The post Monument, gravestone makers deal with tariffs and cremations appeared on BitcoinEthereumNews.com. Strathroy | Istock | Getty Images For nearly a century, John Dioguardi’s family has been making custom headstones and other memorial markers at Rome Monument in western Pennsylvania. Recently, he’s wondered how much time his business has left. Dioguardi has been trying to adapt for more than a decade as the rise in cremations has hurt demand for the traditional burial markers his business has become synonymous with. This year, they’ve been dealt another blow: President Donald Trump’s broad and steep tariffs, which have driven up costs for granite coming to American graveyards from around the world. “I hope this all works out,” Dioguardi said. “I have no idea if it will.” Rome Monument is part of a fabric of small, family run companies that make memorialization products facing the dual challenges of levies and cremations. Members of the blue-collar industry are in a fight to survive the social, political and economic shifts throwing their livelihoods into a state of disruption.  ‘A gut punch’ As Dioguardi watched the White House’s trade relationship with China fluctuate in recent months, he shifted two-thirds of his supply chain out of the Asian country. Most of it went to India, which has seen a relatively lower tariff rate for much of the year. Craftsman working with compressed air at tombstone. Kzenon | Istock | Getty Images Dioguardi said bringing production to the U.S. would likely still be more expensive — even with new tariffs — due to higher labor costs. There’s another simple reason to look internationally: Some types of granite, like the multi-colored aurora found in India, come only from certain regions abroad. “God gave the different parts of the world certain yummies,” Dioguardi said. “We have nothing like that in our country.” Trump’s levies have altered the bottom lines in the industry,… The post Monument, gravestone makers deal with tariffs and cremations appeared on BitcoinEthereumNews.com. Strathroy | Istock | Getty Images For nearly a century, John Dioguardi’s family has been making custom headstones and other memorial markers at Rome Monument in western Pennsylvania. Recently, he’s wondered how much time his business has left. Dioguardi has been trying to adapt for more than a decade as the rise in cremations has hurt demand for the traditional burial markers his business has become synonymous with. This year, they’ve been dealt another blow: President Donald Trump’s broad and steep tariffs, which have driven up costs for granite coming to American graveyards from around the world. “I hope this all works out,” Dioguardi said. “I have no idea if it will.” Rome Monument is part of a fabric of small, family run companies that make memorialization products facing the dual challenges of levies and cremations. Members of the blue-collar industry are in a fight to survive the social, political and economic shifts throwing their livelihoods into a state of disruption.  ‘A gut punch’ As Dioguardi watched the White House’s trade relationship with China fluctuate in recent months, he shifted two-thirds of his supply chain out of the Asian country. Most of it went to India, which has seen a relatively lower tariff rate for much of the year. Craftsman working with compressed air at tombstone. Kzenon | Istock | Getty Images Dioguardi said bringing production to the U.S. would likely still be more expensive — even with new tariffs — due to higher labor costs. There’s another simple reason to look internationally: Some types of granite, like the multi-colored aurora found in India, come only from certain regions abroad. “God gave the different parts of the world certain yummies,” Dioguardi said. “We have nothing like that in our country.” Trump’s levies have altered the bottom lines in the industry,…

Monument, gravestone makers deal with tariffs and cremations

2025/11/30 22:13

Strathroy | Istock | Getty Images

For nearly a century, John Dioguardi’s family has been making custom headstones and other memorial markers at Rome Monument in western Pennsylvania. Recently, he’s wondered how much time his business has left.

Dioguardi has been trying to adapt for more than a decade as the rise in cremations has hurt demand for the traditional burial markers his business has become synonymous with. This year, they’ve been dealt another blow: President Donald Trump’s broad and steep tariffs, which have driven up costs for granite coming to American graveyards from around the world.

“I hope this all works out,” Dioguardi said. “I have no idea if it will.”

Rome Monument is part of a fabric of small, family run companies that make memorialization products facing the dual challenges of levies and cremations. Members of the blue-collar industry are in a fight to survive the social, political and economic shifts throwing their livelihoods into a state of disruption. 

‘A gut punch’

As Dioguardi watched the White House’s trade relationship with China fluctuate in recent months, he shifted two-thirds of his supply chain out of the Asian country. Most of it went to India, which has seen a relatively lower tariff rate for much of the year.

Craftsman working with compressed air at tombstone.

Kzenon | Istock | Getty Images

Dioguardi said bringing production to the U.S. would likely still be more expensive — even with new tariffs — due to higher labor costs. There’s another simple reason to look internationally: Some types of granite, like the multi-colored aurora found in India, come only from certain regions abroad.

“God gave the different parts of the world certain yummies,” Dioguardi said. “We have nothing like that in our country.”

Trump’s levies have altered the bottom lines in the industry, leaving businesses struggling with how to mitigate the additional costs.

In September 2024, Milano Monuments’ Jim Milano paid around 29% custom duties and taxes on a container coming in from China to his Cleveland-based business. A year later, that rate nearly doubled to 59%.

He’s talked with fellow memorial monument suppliers about adding an addendum to large orders telling buyers that the price could be later adjusted depending on if tariff rates move. For now, Milano said he and many peers are covering the tariffs out of pocket. He’s taken a pay cut as a result.

“There’s just so many crazy things that have come up in the last several years,” said Milano, whose business has been around for half of a century. “But this tariff thing has been like a gut punch.”

In recent months, Milano has found himself rushing to communicate with his ordering controller when he sees a headline about higher levies to ensure his containers hit the water before they would take effect.

Milano’s showroom and a memorial made by the business.

Courtesy: Jim Milano

Because the monument industry produces specialty products, it typically runs on lead times of several weeks or months. Importers can see significantly different levy rates if the White House adjusts its trade policy between when memorial products are first ordered by customers and the granite is actually shipped to the U.S.

“The uncertainty part is the hardest part we struggle with,” said Nathan Lange, president of Monument Builders of North America, a trade group representing hundreds of business with an average lifespan of more than seven decades.

Granite wholesalers have similarly needed to recalibrate their sales practices. At Kentucky-based PS Granite, operations chief Parthi Damo said they have delayed printing annual marketing materials for next year because they aren’t sure if tariff rates could change again, which would mean prices need to be adjusted. Damo said he may switch to making new documents every 60 days in case they need to keep updating prices.

Trump has argued that foreign countries or, in some cases, the companies importing their products should eat the tariffs. Data shows that businesses have largely absorbed cost increases in the short term.

blank stone gravestones and grave slabs in outdoor rural granite workshop.

Krimkate | Istock | Getty Images

But memorial creators said that their smaller margins and lower volumes make it tougher to cover the costs than it would be for large retailers. Because the businesses work with shoppers feeling emotions around death, industry members say they need to be especially sensitive when deciding whether to pass down costs to consumers.

“It’s hard,” Milano said. “We can’t go back to a grieving family and say, ‘You know what, we got to add an additional $1,000 to your family’s memorial to cover the tariffs.'”

A changing business

Even before the tariffs ramped up, the industry was busy reorienting itself for a future with fewer traditional burials.

The U.S.’ five-year cremation rate has surged to more than 60% in 2024, up from under 40% a decade and a half prior, according to the Cremation Association of North America. The organization expects more than two out of every three bodies will be cremated in an average year between 2025 and 2029.

Dioguardi has considered expanding the work radius around his Pennsylvania headquarters to buoy demand for grave site products, a broader trend which he said has prompted a wave of acquisitions within the industry. Dioguardi and his peers have emphasized alternatives like pedestal memorials for people remembering a cremated loved one.

He’s also worked on less conventional monuments: Dioguardi recently helped a cemetery install a “rainbow bridge” memorial that contains the ashes of pets.

“Cremation has changed our business tremendously,” Dioguardi said. “It’s created new opportunities. It has closed some other doors.”

Read more CNBC analysis on culture and the economy

If monument builders need to raise prices to account for tariffs, Milano worries it could push more consumers to opt for cremations. Beyond granite, he said levies on production materials have also taken a bite out of profits.

To be sure, Canada’s monument industry is feeling the heat more intensely with a five-year cremation average expected to surpass 80%. Dioguardi said granite manufacturers he worked with based in America’s northern neighbor haven’t increased prices due to tariffs given the shrinking domestic demand.

Dioguardi said his family operation should be on solid ground for another decade, but he questions if it can exist in its current state beyond that. At the same time, the 75-year-old knows that the fate of the business is married in part to whether people want their loved ones to have any sort of memorialization.

When comparing the pyramids the Egyptians opted for to today’s trend of having ashes spread somewhere without a marker, Dioguardi isn’t exactly confident. Part of the challenge, he and other industry members say, is proving that any sort of memorial product is worth the investment.

“Forget about making the pyramid,” Dioguardi said. “I don’t even know if they want a pebble.”

Get Morning Squawk directly to your inbox

Source: https://www.cnbc.com/2025/11/30/monument-gravestone-makers-tariffs-cremations.html

Sorumluluk Reddi: Bu sitede yeniden yayınlanan makaleler, halka açık platformlardan alınmıştır ve yalnızca bilgilendirme amaçlıdır. MEXC'nin görüşlerini yansıtmayabilir. Tüm hakları telif sahiplerine aittir. Herhangi bir içeriğin üçüncü taraf haklarını ihlal ettiğini düşünüyorsanız, kaldırılması için lütfen service@support.mexc.com ile iletişime geçin. MEXC, içeriğin doğruluğu, eksiksizliği veya güncelliği konusunda hiçbir garanti vermez ve sağlanan bilgilere dayalı olarak alınan herhangi bir eylemden sorumlu değildir. İçerik, finansal, yasal veya diğer profesyonel tavsiye niteliğinde değildir ve MEXC tarafından bir tavsiye veya onay olarak değerlendirilmemelidir.

Ayrıca Şunları da Beğenebilirsiniz

Crucial Fed Rate Cut: October Probability Surges to 94%

Crucial Fed Rate Cut: October Probability Surges to 94%

BitcoinWorld Crucial Fed Rate Cut: October Probability Surges to 94% The financial world is buzzing with a significant development: the probability of a Fed rate cut in October has just seen a dramatic increase. This isn’t just a minor shift; it’s a monumental change that could ripple through global markets, including the dynamic cryptocurrency space. For anyone tracking economic indicators and their impact on investments, this update from the U.S. interest rate futures market is absolutely crucial. What Just Happened? Unpacking the FOMC Statement’s Impact Following the latest Federal Open Market Committee (FOMC) statement, market sentiment has decisively shifted. Before the announcement, the U.S. interest rate futures market had priced in a 71.6% chance of an October rate cut. However, after the statement, this figure surged to an astounding 94%. This jump indicates that traders and analysts are now overwhelmingly confident that the Federal Reserve will lower interest rates next month. Such a high probability suggests a strong consensus emerging from the Fed’s latest communications and economic outlook. A Fed rate cut typically means cheaper borrowing costs for businesses and consumers, which can stimulate economic activity. But what does this really signify for investors, especially those in the digital asset realm? Why is a Fed Rate Cut So Significant for Markets? When the Federal Reserve adjusts interest rates, it sends powerful signals across the entire financial ecosystem. A rate cut generally implies a more accommodative monetary policy, often enacted to boost economic growth or combat deflationary pressures. Impact on Traditional Markets: Stocks: Lower interest rates can make borrowing cheaper for companies, potentially boosting earnings and making stocks more attractive compared to bonds. Bonds: Existing bonds with higher yields might become more valuable, but new bonds will likely offer lower returns. Dollar Strength: A rate cut can weaken the U.S. dollar, making exports cheaper and potentially benefiting multinational corporations. Potential for Cryptocurrency Markets: The cryptocurrency market, while often seen as uncorrelated, can still react significantly to macro-economic shifts. A Fed rate cut could be interpreted as: Increased Risk Appetite: With traditional investments offering lower returns, investors might seek higher-yielding or more volatile assets like cryptocurrencies. Inflation Hedge Narrative: If rate cuts are perceived as a precursor to inflation, assets like Bitcoin, often dubbed “digital gold,” could gain traction as an inflation hedge. Liquidity Influx: A more accommodative monetary environment generally means more liquidity in the financial system, some of which could flow into digital assets. Looking Ahead: What Could This Mean for Your Portfolio? While the 94% probability for a Fed rate cut in October is compelling, it’s essential to consider the nuances. Market probabilities can shift, and the Fed’s ultimate decision will depend on incoming economic data. Actionable Insights: Stay Informed: Continue to monitor economic reports, inflation data, and future Fed statements. Diversify: A diversified portfolio can help mitigate risks associated with sudden market shifts. Assess Risk Tolerance: Understand how a potential rate cut might affect your specific investments and adjust your strategy accordingly. This increased likelihood of a Fed rate cut presents both opportunities and challenges. It underscores the interconnectedness of traditional finance and the emerging digital asset space. Investors should remain vigilant and prepared for potential volatility. The financial landscape is always evolving, and the significant surge in the probability of an October Fed rate cut is a clear signal of impending change. From stimulating economic growth to potentially fueling interest in digital assets, the implications are vast. Staying informed and strategically positioned will be key as we approach this crucial decision point. The market is now almost certain of a rate cut, and understanding its potential ripple effects is paramount for every investor. Frequently Asked Questions (FAQs) Q1: What is the Federal Open Market Committee (FOMC)? A1: The FOMC is the monetary policymaking body of the Federal Reserve System. It sets the federal funds rate, which influences other interest rates and economic conditions. Q2: How does a Fed rate cut impact the U.S. dollar? A2: A rate cut typically makes the U.S. dollar less attractive to foreign investors seeking higher returns, potentially leading to a weakening of the dollar against other currencies. Q3: Why might a Fed rate cut be good for cryptocurrency? A3: Lower interest rates can reduce the appeal of traditional investments, encouraging investors to seek higher returns in alternative assets like cryptocurrencies. It can also be seen as a sign of increased liquidity or potential inflation, benefiting assets like Bitcoin. Q4: Is a 94% probability a guarantee of a rate cut? A4: While a 94% probability is very high, it is not a guarantee. Market probabilities reflect current sentiment and data, but the Federal Reserve’s final decision will depend on all available economic information leading up to their meeting. Q5: What should investors do in response to this news? A5: Investors should stay informed about economic developments, review their portfolio diversification, and assess their risk tolerance. Consider how potential changes in interest rates might affect different asset classes and adjust strategies as needed. Did you find this analysis helpful? Share this article with your network to keep others informed about the potential impact of the upcoming Fed rate cut and its implications for the financial markets! To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action. This post Crucial Fed Rate Cut: October Probability Surges to 94% first appeared on BitcoinWorld.
Paylaş
Coinstats2025/09/18 02:25