President Donald Trump’s tariffs on steel and aluminum imports are driving up the costs of some of manufacturing's smallest components, including screws, nails and bolts, The Wall Street Journal reported Sunday. 

Tariffs on imported steel and aluminum that went into effect this month, have been raising the costs of foreign and domestic metal used to make manufacturing's smallest components, the report said. 

"The production capacity we need doesn’t exist here in the U.S.," said Gene Simpson, president of Illinois-based fastener maker Semblex to the WSJ. "It’s a select group of suppliers." 

In February, Trump signed executive orders imposing 25% tariffs on all steel and aluminum imports into the U.S., canceling all exemptions and duty-free quotas for major suppliers Canada, Mexico, Brazil and other countries.

ETF: (NYSEARCA:SLX)

Stocks of steel and aluminum producers: Cleveland-Cliffs (NYSE:CLF), Nucor (NYSE:NUE), Steel Dynamics (NASDAQ:STLD), US Steel (NYSE:X), Commercial Metals (NYSE:CMC), Alcoa (NYSE:AA), Century Aluminum (NASDAQ:CENX) and Kaiser Aluminum (NASDAQ:KALU).