Tariffs prompt U.S. manufacturers to review plans: Fed survey

By Bloomberg

Aug 09, 2018

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America’s escalating trade dispute with China and other trading partners has prompted almost a fifth of U.S. businesses including about 30% of manufacturers to review their capital spending plans, according to a study by the Federal Reserve Bank of Atlanta.

The Survey of Business Uncertainty, conducted with economists Nick Bloom of Stanford University and Steven Davis of the University of Chicago Booth School of Business, found that businesses were primarily putting their spending plans under review, with relatively few making firm decisions to cancel or postpone investments.

Read the full story at bloomberg.com.

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