MEQUON, Wis. (AP) — The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin, where manufacturing has long been in decline yet remains a vital part of the state's economy. At Johnson Level and Tool in suburban Milwaukee, the Trump administration's thrust-and-parry trade moves with China and other countries have left the company bracing for up to $3.7 million in extra costs annually because of higher tariffs on imports, including some of its levels that are made in China. The company has a range of options to try to blunt its higher costs — from raising prices on the levels it sells to big box stores to potentially moving some of its manufacturing now done in China to another country to avoid tariffs. But as companies across America struggle to adapt to the higher prices from import taxes, the options that officials at Johnson Level and Tool face underscore there are no easy answers — and no surefire way to avoid paying more for indispensable imports.
Comment on Months of anxiety for Wisconsin manufacturers amid trade war
NewsOK.com RSS - business >> !The Oklahoman, Daily Oklahoman: Business
Thu, 10/11/2018 - 4:03am
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