Months of anxiety for Wisconsin manufacturers amid trade war

Associated Press |

MEQUON, Wis. (AP) — The trade war between the United States and China has made for a nerve-wracking summer of uncertainty in Wisconsin for manufacturing companies vital to the state's economy.

The Trump administration's thrust-and-parry trade moves with China and other countries have left a suburban Milwaukee company that makes levels bracing for an estimated $3.7 million increase in annual costs. About half of the levels the company sells are imported from China.

The company is raising prices on the levels it sells to big box stores and has discussed moving some of its manufacturing from China to another country to avoid tariffs.

But as companies across America struggle to adapt, the options that Johnson Level and Tool faces underscores there are no easy answers and no surefire way to avoid higher prices.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
XOM

     

What Is Petrolithium?

MGX Minerals explains the advantages of petrolithium and how they are helping to solve future problems today.

Emerging Growth

DirectView Holdings Inc

DirectView Holdings Inc designs and installs surveillance systems, digital video recording and services. The company through its subsidiaries operates within two divisions security and surveillance and video conferencing services.