Toro
Diamond Member
Trump's uneconomic Trade Taxes are hurting manufacturing, according to the Fed's Beige Book. It will get worse if Trump imposes Trade Taxes on $200 billion of Chinese goods.
• Manufacturers are complaining about tariffs.
Here are a couple of Beige Book examples.
The Daily Shot: Manufacturers Struggle with Steel Tariffs
• Manufacturers are complaining about tariffs.
Manufacturers in all Districts expressed concern about tariffs and in many Districts reported higher prices and supply disruptions that they attributed to the new trade policies.
Here are a couple of Beige Book examples.
- ... a Maryland can manufacturer said he could not get the quality of steel needed domestically and anticipated losing business to foreign competitors who are not faced with steel tariffs.
- ... machinery manufacturer noted that the effects of the steel tariffs have been chaotic to its supply chain--disrupting planned orders, increasing prices, and prompting some panic buying.
The Daily Shot: Manufacturers Struggle with Steel Tariffs