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We spoke recently to a C-suite executive of a global specialty chemicals company about how tariffs are affecting his business. He outlined his strategy to expand production in the US, but also how these plans were being stymied by the cost of importing equipment.
“There are some things today, cranes for example, that are only manufactured in China and Germany,” he told us. “You can’t get them here. And now tariffs make this equipment prohibitively expensive. It’s affecting our ability to grow here, production that would add hundreds of good jobs. I imagine this type of thing is happening across the country.”
The impact of tariffs, despite post-Liberation Day softening of some policies, is real. National policies are typically designed to fix problems, not create them. We are a source of global instability, not stability, a top economist told a private markets audience last month...
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