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Article Date: January 2020
Word Count: 1421

Input Costs Are Rising In 2020, Despite Trade War Reprieve


The trade dispute between the U.S. and China caused chaos in many companies’ sourcing plans last year, as well as in factories worldwide as they scrambled to avoid tariffs on Chinese produced goods. The Phase One deal will still leave a 7.5% tariff on List 4A goods and 25% on List 3. Those increases, along with some collateral increases from capacity constraints in alternative countries, will largely hit in H2 of next year. And 2020 will bring the specter of increasing product costs across the board, as wages creep ever higher and some raw materials are also set to increase. ... Log in to view full article.

 


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