MFG.com report assesses expected impact of Trump policies on U.S. manufacturing

Marietta, Ga.-based MFG.com, an online manufacturing marketplace, has released the report, “How Will President Trump’s Policies Affect U.S. Manufacturing?” Based on a survey of both buyers (OEMs) and suppliers (small to midsize manufacturers) in the MFG.com marketplace, the report gauges the expected impact of President-elect Donald Trump’s proposed policies on U.S. manufacturing and foreign trade, as well as their individual businesses.

According to the report, there is broad-based support for the trade, job, and immigration policies the president-elect has proposed. While there is some skepticism from those who invest in offshore sourcing, both buyers and suppliers agreed that these new policy directions will have positive impacts for U.S. manufacturing. In addition, when it comes to U.S. manufacturing’s relationship with China, there is considerable support for labeling China a currency manipulator and for leveling tariffs on Chinese products. While buyers are resistant to higher tariffs (30 to 45 percent, as stated by the president-elect), both buyer and supplier groups voiced support for them even at the risk of potentially higher costs for consumer products and industrial inputs.

To download the free report, visit www.mfg.com.