Reported 1 day ago
Companies expanding their manufacturing facilities in the U.S. are grappling with increased costs due to new tariffs imposed by the Trump administration. IKO North America and other businesses have noted that metal prices and imported machinery fees have surged, making projects significantly more expensive. As a result, some planned factories are being reconsidered or canceled entirely, raising concerns about the potential impacts on the U.S. manufacturing sector and job creation as companies pass on these costs to consumers.
Source: YAHOO