U.S. heavy equipment makers feeling pain from tariffs, disputes: report

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U.S. heavy equipment makers feeling pain from tariffs, disputes: report
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U.S. makers of bulldozers and other heavy equipment are raising prices, losing s...

- U.S. makers of bulldozers and other heavy equipment are raising prices, losing sales and in some cases beginning to trim workers in response to the Trump administration’s protracted trade disputes with various countries, according to a new report.

But an economic analysis conducted on behalf the Association of Equipment Manufacturers and set to be released on Monday by IHS Markit, notes that increased costs and the disruption of supply chains will slowly filter through the overall economy, gradually raising prices for finished goods and curbing employment over the next decade.

Gradall Industries Inc is among those getting hit at both ends of their business. The company, a subsidiary of Alamo Group Inc, has seen the price of massive metal castings it imports from China go up by 25 percent due to tariffs, for instance, on top of higher domestic steel prices.

हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

Reuters /  🏆 2. in US

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