02/13/2025

New Trade Policies Bring the True Costs More into Focus for Manufacturers

Metals tariffs impact companies that use raw materials

Until recently, Austin Ramirez planned to build a new factory in Mexico as part of his Wisconsin-based company's strategy to expand global production and shift away from China.

"Mexico made a ton of sense six months ago," said the Ramirez, the CEO of Husco, a producer of hydraulic components used in automotive and off-road equipment like bulldozers.

Now, not so much.

Please select this link to read the complete article from Reuters.