Trump Trade War Is Raising Prices for U.S. Manufacturers, N.Y. Fed Survey Says
President Donald Trump's trade tariffs already have led to increases in the price of raw materials and other "input" costs for some 68% of manufacturers in the New York area, according to a new survey. What's more, roughly half of manufacturers expect to pass the extra costs along to consumers. "In assessing the overall effect of trade policies on the bottom line, 51 percent of manufacturers perceived a negative effect in 2018, while 44 percent anticipated a negative effect in 2019," according to a summary of the results. [node:read-more:link]