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August 7, 2018

Reports show trade tariffs starting to affect companies

  • Firms are seeing higher prices for raw materials and longer wait times for deliveries.
    AP Business Writer

    NEW YORK — Manufacturing companies including small businesses say they're paying higher prices for raw materials and seeing longer wait times for deliveries of goods that must go through customs because of new U.S. tariffs on imports from big trading partners.

    That comes in a report last week from the Institute for Supply Management, showing that manufacturing remained strong in July, but the industry group's members are feeling the effects of the trade disputes.

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