Recent China tariffs are complicating the US-China trade relationship, causing many to rethink their outsource strategy. But there might be more to the story. The tariffs President Trump has imposed against China and their retaliatory tariffs are making things difficult, but there are indications China has been losing manufacturing prior to this.
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With US President Donald Trump’s tariffs going into effect, manufacturing in China is becoming more costly and problematic. Firms looking to remain competitive and to keep production costs low while selling to the US market have real concerns about remaining in China. For some, a new alternative is beginning to look a lot more attractive […]
US President Trump’s tariffs on foreign steel and aluminum imports recently went into effect, leading some to ask what comes next for steel prices. Will the tariffs benefit the average American worker? Or will the new cost of steel inputs hurt American manufacturing jobs? Will steel prices remain stable, rise slightly, or spike? Will the net effect be positive or negative for the US economy?
Now that tax reform has become law in the United States, what impact will it have on manufacturers? In the manufacturing industry, all eyes have been on the new tax legislation. The hope was that several positive initiatives would make it into the final bill. Below is a breakdown of the legislation as passed and how it […]
With tax discussions underway, US companies are looking forward to several positive impacts of tax reform on manufacturing. Manufacturers should keep a weather eye on the proposed policy changes and prepare to capitalize on a coming tax overhaul.