A survey has indicated that the tariffs imposed by President Donald Trump‘s administration may not lead to a resurgence in U.S. manufacturing.
What Happened: A new supply chain survey suggested that the U.S. manufacturing sector is unlikely to be the primary beneficiary of China losing some manufacturing due to the imposed tariffs. The survey revealed that most companies believe that reshoring supply chains could potentially double their costs, leading them to seek low-tariff regimes globally, reported CNBC.
Despite promises of tax cuts for companies that bring back manufacturing to the U.S., 57% of respondents cited cost as the main reason for not reshoring production. Furthermore, 61% of the respondents felt that the Trump administration is “bullying corporate America.”
Bruce Kaminstein, a New York-based entrepreneur, told CNBC, “Small consumer companies that started with an innovative idea do not have …
Full story available on Benzinga.com
A survey has indicated that the tariffs imposed by President Donald Trump‘s administration may not lead to a resurgence in U.S. manufacturing.
What Happened: A new supply chain survey suggested that the U.S. manufacturing sector is unlikely to be the primary beneficiary of China losing some manufacturing due to the imposed tariffs. The survey revealed that most companies believe that reshoring supply chains could potentially double their costs, leading them to seek low-tariff regimes globally, reported CNBC.
Despite promises of tax cuts for companies that bring back manufacturing to the U.S., 57% of respondents cited cost as the main reason for not reshoring production. Furthermore, 61% of the respondents felt that the Trump administration is “bullying corporate America.”
Bruce Kaminstein, a New York-based entrepreneur, told CNBC, “Small consumer companies that started with an innovative idea do not have …
Full story available on Benzinga.com
A survey has indicated that the tariffs imposed by President Donald Trump‘s administration may not lead to a resurgence in U.S. manufacturing.
What Happened: A new supply chain survey suggested that the U.S. manufacturing sector is unlikely to be the primary beneficiary of China losing some manufacturing due to the imposed tariffs. The survey revealed that most companies believe that reshoring supply chains could potentially double their costs, leading them to seek low-tariff regimes globally, reported CNBC.
Despite promises of tax cuts for companies that bring back manufacturing to the U.S., 57% of respondents cited cost as the main reason for not reshoring production. Furthermore, 61% of the respondents felt that the Trump administration is “bullying corporate America.”
Bruce Kaminstein, a New York-based entrepreneur, told CNBC, “Small consumer companies that started with an innovative idea do not have …Full story available on Benzinga.com Read MoreAAPL, AAPL, benzinga neuro, Donald Trump, Equities, News, NKE, reshoring, tariffs, US Manufacturing, Economics, Markets, AAPL, US0378331005, NKE, US6541061031, News, Equities, Economics, Markets, Benzinga Markets
