Last March, Team 1 Plastics, a Michigan car parts supplier, ordered a $300,000 injection moulding machine from Japan. By the time it arrived, US President Donald Trump’s tariffs had pushed the price up 15 per cent to $345,000.
“That’s real money where I come from,” said Gary Grigowski, Team 1 Plastic’s vice-president and co-founder. “It’s a cost that has to be recovered somehow.”
Trump’s tariffs were supposed to boost the US car industry. They would shield it from foreign competition, correct trade imbalances and promote the reshoring of jobs outsourced to Asia, according to the White House.
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