Tariffs and Trade
A Critical Moment for Wisconsin Manufacturers
A recent Milwaukee Journal Sentinel article highlights a pivotal moment for U.S. manufacturers, especially those in Wisconsin, as new tariffs proposed by President-elect Donald Trump could reshape trade and production dynamics. These tariffs, while aimed at addressing border concerns, risk significant economic consequences for manufacturers who rely on global supply chains.
Wisconsin, with over 480,000 manufacturing jobs, faces unique vulnerabilities in this evolving landscape. As noted by experts, tariffs may benefit select industries, such as U.S. trailer manufacturers, while imposing higher costs and broken supply chains on others. The article further underscores how companies are drawing on lessons from the COVID-19 pandemic to bolster supply chain resilience and dual sourcing strategies.
At Great Lakes Urban Empowerment Solutions (GLUE), we recognize the critical role policy plays in shaping economic outcomes. The conversation around tariffs is a reminder of the delicate balance between protecting domestic industries and fostering global trade partnerships. It also highlights the importance of local resilience in a globally interconnected economy.
What’s Next?
How can policymakers ensure Wisconsin manufacturers thrive without isolating global trade partners?
What steps can manufacturers take to future-proof their operations in the face of protectionist policies?
Let’s keep this dialogue going. GLUE is committed to amplifying these issues and working collaboratively to drive solutions that empower our Great Lakes communities.
Read the full article here: Milwaukee Journal Sentinel:
https://lnkd.in/gAjRUiXD
#TradePolicy #Manufacturing #EconomicResilience #GreatLakesEmpowerment