U.S. trade war with China has brought pain, uncertainty

U.S. trade war with China has brought pain, uncertainty for most R.I. manufacturers but also hope for others

By
-
TARIFF IMPACTS: Rhode Island Manufacturers Association Executive Director David Chenevert said the impact of tariffs and the slowing of the world economy has affected businesses differently in Rhode Island. Manufacturers focused on the aerospace or medical-industry markets are doing fine, he said, because defense spending has increased and the medical industry is growing. Companies producing products for the automotive industry, however, are seeing an impact because auto sales are down nationally.
 / PBN PHOTO/RUPERT WHITELEY
TARIFF IMPACTS: Rhode Island Manufacturers Association Executive Director David Chenevert said the impact of tariffs and the slowing of the world economy has affected businesses differently in Rhode Island. Manufacturers focused on the aerospace or medical-industry markets are doing fine, he said, because defense spending has increased and the medical industry is growing. Companies producing products for the automotive industry, however, are seeing an impact because auto sales are down nationally.
 / PBN PHOTO/RUPERT WHITELEY
The initial tariffs imposed in 2018 on imports from China didn’t affect Cooley Group, a Pawtucket-based company that manufactures an array of engineered materials, used in waterproof liners, inflatable boats and oil containment booms. But when the trade dispute between the U.S. and China spiraled beyond aluminum and steel imports, a second set of tariffs…

You must be a paid subscriber to read this content. To keep reading and receive unlimited access subscribe today for only $1.
Subscribe Now Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

RELATED ARTICLESMORE FROM AUTHOR

No posts to display