The shifting contours of the tariffs that the U.S. and China have applied to each other’s goods are prompting some companies to put business plans on hold
By Austen Hufford Sept. 8, 2019 5:30 am ET U.S. manufacturers are investing less in their factories and workforces as the trade dispute with China makes it more difficult for executives to anticipate costs and demand.
Mr. Reitz recently delayed buying new machinery for some of Titan’s six U.S. factories. He said sales could be flat or negative this year, down from the 10% annual growth he expected heading into 2019. He is considering reducing shifts or laying off workers. SHARE YOUR THOUGHTS What do you think would be a good strategy for manufacturers to maneuver around the U.S.-China trade war? Join the conversation below.
The downturn in capital spending has meant less demand for the equipment IPEG Inc. makes for plastics manufacturers. Chief Executive Chris Keller said orders have softened since July as the trade war has intensified and concerns about the economy have grown.The diminished orders also suggest manufacturing output, down 1.6% since December according to the Federal Reserve, will remain subdued. Capacity utilization at U.S. factories in July was the lowest in two years. Activity at U.S.
The Atlanta-based company is cutting capital expenditures to about $30 million this year from $38 million in 2018 and spending mainly on maintenance and on products that will reduce costs over time.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. creates just 130,000 new jobs in August, keeping Fed on track to cut ratesThe economy added just 130,000 new jobs in August, marking the smallest increase in three months and offering more evidence that hiring has slowed amid a...
Read more »
Damian Lillard Says He Might Remove Raiders Tattoo If They Cut Antonio Brown'If they cut AB, I might have to get my tattoo removed'
Read more »
Novo Nordisk to cut insulin prices in the U.S.Novo Nordisk will offer cheaper insulin to U.S. diabetics, the Danish drugmaker ...
Read more »
Weaker job report in August ‘cements’ a Fed interest-rate cut in two weeksThe weaker than expected job growth in August ‘cements’ a Fed interest-rate cut in two weeks, economists said. The outlook for policy after than is less...
Read more »
Watch Tom Brady Cut Loose, Show Off Dance Moves At Patriots PracticeStop if you’re reading this, Lane Johnson. It appears fun is being had in Foxboro, Mass. The New England Patriots are in the thick of their preparation for the Pittsburgh Steelers, who will v…
Read more »