Inside the News - Edition #950

Allan Leibowitz -
Inside the News
- 21 Nov 2019 ( #950 )
<1 min read
When the USA imposed import tariffs on Chinese forklifts, the immediate result was an increase in prices. And it was not just the imported machines which went up in price - domestic manufacturers soon followed suit with price adjustments.
Sure, the increases weren't only related to competitors' pricing strategies - local US manufacturers had to cope with more expensive steel and components.
It will be interesting in the months ahead to see if - and how quickly - prices come down as importers gain exemption from the tariffs. And will the US manufacturers match the price drops? Time will tell.
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