Economy
July 26, 2017
Metalforming Companies Fear Tariffs
Written by Sandy Williams
Metalforming companies in the U.S. and Canada are expecting steady business conditions during the next three months, but expressed concerns about potential Section 232 tariffs.
The PMA Business Conditions Report, prepared by the Precision Metalforming Association, showed most members are not anticipating any changes in general economic activity or incoming orders in the coming months. Current average daily shipping levels were steady in July. Workforce on short time or layoff remained well below historical levels, increasing to 5 percent in July from 2 percent in June.
