A survey reveals that tariffs are significantly impacting US supply chains and investment decisions. 94% of respondents noted raw material procurement as the most affected area. Nearly 90% reported negative impacts on manufacturing, and 75% said tariffs are hindering investment. The complexity of tariff measures is causing compliance burdens and disruption. Foreign countermeasures are also affecting global competitiveness for American businesses. Vice President John Pickel emphasizes that trade policy uncertainty is hurting US companies and their ability to create jobs and remain competitive. The situation is causing anxiety, confusion, and economic uncertainty.
Read more at Yahoo Finance: Tarrif uncertainty hinders US competitiveness
