US Edition
Tom Still: Will Tariffs Bring some Industries Back to America — or Hurt What’s Already Here?
UNITED STATES, JUL 21 – Tariffs have pushed average import taxes to 15%, disrupting supply chains and raising costs for manufacturers and consumers in multiple industries, analysts say.
- On July 11, leaders from American companies in the medical device sector gathered at Capitol Hill to address how recent tariff increases are affecting their industry.
- They highlighted that tariffs, part of a broader U.S.-China trade struggle, have increased costs and disrupted fragile supply chains developed over many years.
- These tariff hikes, including a rise from 104% to 125% on Chinese medical imports in April, are inflating device prices and straining hospital budgets.
- Nike, the largest maker of athletic apparel and footwear, anticipates facing $1 billion in additional import duties this year and intends to implement a targeted price increase to help manage these expenses.
- The executives warned that rising tariffs could worsen healthcare shortages, raise patient expenses, and destabilize supply chains if policymakers do not act carefully.
11 Articles
11 Articles
Commentary: Old-school manufacturing is gone and is not coming back
The president is fixated on bringing manufacturing back to the United States. The idea to “save manufacturing” makes for good sound bites but does not appreciate how much the U.S. economy has changed from the time when manufacturing jobs were…
Wisconsin State Journal
Lake Geneva NewsTom Still: Will tariffs bring some industries back to America — or hurt what’s already here?
Will President Trump’s aggressive approach to global trade bring production and jobs home to the U.S. — or raise prices for all consumers while disrupting vital supply chains?
The tariffs applied by the US administration are being largely absorbed by the importers themselves, who in turn begin to transfer the cost to final consumers, reveal analysts, questioning the ability of trade policy to contain inflation without affecting households.According to a report by Sarah House, senior economist at Wells Fargo, there is little sign that Mexican exporters are absorbing tariff increases, despite the global context of indus…
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