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Manufacturers See Widespread Price Increases From Tariffs

Supply chain woes and soaring prices defined the past year. What lies ahead? Read the 2022 Sourcing Report for a deep global dive, plus expert insights on navigating the sourcing roller coaster.

U.S. manufacturers expect tariffs to push prices upward over the next two years, according to a special tariff survey from the Purchasing Manager’s Index by IHS Markit. In the survey, conducted in second half of October, 44 percent of respondents expect tariffs and trade wars to lead to higher domestic prices for their goods in…

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