U.S. Manufacturers Struggle as Trump Tariffs Disrupt Global Supply Chains
WASHINGTON, Nov 3 (Reuters) — For OTC Industrial Technologies, a major U.S. factory equipment maker, years of relying on low-cost suppliers abroad have become far more complicated under President Donald Trump’s expanded tariffs.
Tariffs Reshape Global Sourcing
CEO Bill Canady explained that the company once sourced parts from China, later shifting production to India and other countries to avoid earlier trade barriers. However, the latest round of tariffs has made those alternatives equally expensive.
“We moved things out of China and went to some of those other countries, and now the tariffs on those are as bad or worse,” Canady told Reuters. “We just have to hang on and navigate our way through this so we don’t all go broke in the short run.”
Manufacturers Face Rising Costs
The new trade restrictions have forced U.S. manufacturers to recalculate supply chain strategies, raising production costs and uncertainty. Many companies now face difficult decisions about whether to absorb losses, raise prices, or relocate production yet again.
Industry analysts warn that the expanding tariff list could slow industrial investment and affect job growth, particularly for firms dependent on imported materials and equipment components.
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