Due to the trade war, the U.S. labor market is tight and American manufacturers are seeking ways to lessen the impacts of trade tariffs on their businesses. Import levels are at an all-time low since May 2017, while both import and export levels are seeing slow growth. These levels have been directly affected by new tariffs.
Small and medium-sized manufacturers have been hit the hardest and are looking for ways to alleviate the trade tariff effects by finding new trading partners, routing and embedding parts overseas before shipping to the U.S., and increasing prices.
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