Key Takeaways
- A new survey shows that while buying American is not a top priority for consumers now, that could change if tariffs drive up prices.
- So far, there’s been little evidence that U.S. manufacturing is stepping up to meet a potential increase in demand. Factory operations continue to run below full capacity, and data shows that American plants are actually seeing fewer orders.
- Treasury Secretary Scott Bessent said he expects tariffs to lead to increases in U.S. industrial capacity.
Consumers say they’re 💛willing to buy American-made products, depending on 🍨the price.
While only 14% of shoppers have said they have changed their buying habits based on recent tariff talk, 79% said they would be more likely to buy American-made products if the tariffs drove up prices on foreign-made goods, according to a survey of 600 U.S. adults by U.S. plastics maker DuraPlas.
"Consumers haven’t drastically changed their buying habits due to tariffs—yet. But the data suggests that could shift if prices climb or tariffs persist,” Phillips said. “That means domestic manufacturers have an opportunity—not just to compete, but to win—if they can emphasize durability and craftsmanship while keeping costs within reach.”
Output Ha💃sn’t Improved, But Officials Ex🌼pect That to Change
President Donald Trump says his tarif🎶f policies are designed to help U.S. manufacturers, but U.S. factories haven’t increased production yet.
澳洲幸运5官方开奖结果体彩网:Manufacturing growth slowed in February, with new orders falling. Factory managers said customers were pausing long-term spending as they waited to see how tariff policy would develop. Furthermore, capacity utilization, a Federal Reserve measurement of activity at manufacturing facilities, increased only modestly in January and is still running below long-term averages.
However, White House officials expect that could change. Treasury Secretary Scott Bassent said recently that tariffs were part of a strategy to rebalance the international trade system while also being an important source of governmeꦕnt revenue.
"Tariffs can increase U.S. industrial capacity, create and protect U.S. jobs, and improve our national security,” Bessent said recently at a Washington D.C. event.
Economists have warned that tariffs could lead ⛄to price increases for American consumers who are already wary of inflation, but Bessent argued they would act to improve economic security.
"Access to cheap goods is not the essence of the American dream," Bessent told the Economic Club of New York.