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Surging Costs Complicate Plans for New U.S. Factories
Posted on: April 6, 2025 at 11:49:30 CT
TigerMatt STL
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https://www.wsj.com/economy/trade/companies-building-new-factories-brace-for-higher-costs-eadf7db6
From the article:
“Roofing-products manufacturer IKO North America has been on a factory-building spree in the U.S., with one plant completed and four more under construction. After President Trump launched a barrage of tariffs on U.S. trading partners, the math abruptly changed.
Chief Executive David Koschitzky said IKO’s just-finished factory in Texas now faces higher prices on the steel it uses to fabricate metal shingles, while the plants that are still being built need machinery that isn’t made in the U.S. The company will continue with the projects, he said, but tariffs will make them much more expensive.
“If we’re to be successful, that’s a cost that’s going to be passed on to the consumer,” Koschitzky said.
Trump’s tariff announcement threw a wrench into factory builders’ plans—and complicates a years long government effort to reinvigorate U.S. manufacturing. Companies are double-checking the numbers on planned factories, or halting them altogether.”
Edited by TigerMatt at 11:51:36 on 04/06/25
From the article:
“Roofing-products manufacturer IKO North America has been on a factory-building spree in the U.S., with one plant completed and four more under construction. After President Trump launched a barrage of tariffs on U.S. trading partners, the math abruptly changed.
Chief Executive David Koschitzky said IKO’s just-finished factory in Texas now faces higher prices on the steel it uses to fabricate metal shingles, while the plants that are still being built need machinery that isn’t made in the U.S. The company will continue with the projects, he said, but tariffs will make them much more expensive.
“If we’re to be successful, that’s a cost that’s going to be passed on to the consumer,” Koschitzky said.
Trump’s tariff announcement threw a wrench into factory builders’ plans—and complicates a years long government effort to reinvigorate U.S. manufacturing. Companies are double-checking the numbers on planned factories, or halting them altogether.”
Edited by TigerMatt at 11:51:36 on 04/06/25
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Surging Costs Complicate Plans for New U.S. Factories - TigerMatt STL - 4/6 11:49:30