U.S. manufacturers are scrambling to secure critical parts and raw materials as new tariffs loom under Donald Trump’s presidency. A survey by GEP and S&P Market Intelligence shows demand for North American factory inputs surged to its highest level since mid-2023 following Trump’s November victory. Supply chain experts highlight industrial and consumer packaged goods producers as key players in the stockpiling race, aiming to maintain competitive pricing. Trump has vowed to introduce tariffs soon after his Jan. 20 inauguration, with potential rates of 25% on imports from Mexico and Canada and up to 60% on goods from China, causing significant concern among manufacturers.
U.S. Manufacturers Stockpile Ahead of U.S. Tariff Threats
U.S. manufacturers are scrambling to secure critical parts and raw materials as new tariffs loom under Donald Trump’s presidency.
(Farm Journal)
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