US manufacturers say Trump tariffs will bring higher prices, not more jobs: Survey
2018-11-29 10:16:18 source：CNBC
November 28, 2018
The Trump administration’s widening trade war will raise prices for U.S. consumers, but it won’t bring back many manufacturing jobs that have moved overseas.
That’s what more than 800 companies said in a survey released Thursday by IHS Markit, a London-based economics research firm.
When the administration ramped up tariffs in July, President Donald Trump insisted the higher duties would encourage U.S. manufacturers to bring overseas jobs back home.
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