Of particular interest is how the tariffs will push up prices, since the additional tax on imports of raw materials will likely increase input costs for many manufacturers that rely on metals or Chinese goods. This is causing panic buying, driving the near-term prices higher and inventory shortages for non-contract customers.' A executive in machinery: ' Much concern in the industry regarding the steel and aluminum tariffs recently.The price increases will begin to impact our company’s performance.' An executive in primary metals: ' Significant price increases in the steel commodity due to 232.An executive in chemical products: 'We are concerned about the impact of tariff and trade wars on demand, but at this time, no signals that global demand is slowing,'.Here's a few responses from the survey regarding the tariffs: Respondents in industries ranging from chemicals to machinery expressed worries over the tariffs, but many said changes have not hit their businesses yet.

' Many comments reflected the negative impact of the Asian holiday period, concerns about tariffs and difficulties in moving containers from ports to using locations,' Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee, said in the press release for the survey. Account icon An icon in the shape of a person's head and shoulders.

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