Washington ¨C U.S. factory equipment maker OTC Industrial Technologies has long used low-cost countries to supply components ¡ª first China and later India ¡ª but President Donald Trump¡¯s blitz of tariffs on numerous trade partners has upended the supply chain math for CEO Bill Canady.
¡°We moved things out of China and went to some of those other countries, and now the tariffs on those are as bad or worse,¡± Canady said in an interview. ¡°We just have to hang on and navigate our way through this so we don¡¯t all go broke in the short run.¡±
It is a dilemma that is sinking in with companies, foreign trade ministries, trade lawyers and economists as the U.S. Supreme Court considers the legality of Trump¡¯s global tariffs, with arguments set for Wednesday. Under one legal authority or another, Trump¡¯s tariffs are expected to stay in place long-term.
With your current subscription plan you can comment on stories. However, before writing your first comment, please create a display name in the Profile section of your subscriber account page.