High costs prevent U.S. reshoring
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Trump tariffsCNBC
•Technology
Technology
Trump tariffs won't lead supply chains back to U.S., companies will go low-tariff globe-hopping: CNBC survey
75% Informative
Most companies say high costs will keep them from moving manufacturing back to the U.S. If they do, 81% expect automation to be favored over workers.
Nearly half say reshoring would double costs and that President Donald Trump 's trade war is more likely to kick off a new global search for low-tariff regimes.
In the near-term, 61% of survey respondents said, price hikes are coming and consumer demand will decline.
Sixty-three percent of respondents warn of a recession impacting the U.S. economy this year .
Half (51% ) of respondents expect a consumer pull back to hit in Q2 .
Smaller businesses and startups say the tariffs will be catastrophic.
A majority of firms said they will "wait to make staffing decisions" for a period of between three to nine months .
VR Score
83
Informative language
87
Neutral language
72
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formal
Language
English
Language complexity
59
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