The manufacturing sector is grappling with the implications of new tariffs imposed by President Trump, including a 10% baseline tax on imports. While some industry groups, like the American Iron and Steel Institute, support these measures, others, such as the Plastics Industry Association, advocate for targeted tariffs to avoid disrupting supply chains. Companies like The Partner Companies are adapting by enhancing their global supply chains and offering flexible manufacturing solutions to mitigate tariff impacts. However, the broader industry anticipates that consumers will ultimately bear the costs, particularly affecting sectors like aviation and medical devices, which rely on complex global supply chains.

Source: https://www.supplychaindive.com/news/trump-tariffs-impact-manufacturers-aviation-medtech/744492/