US Tariffs Drive Price Hikes and Sales Declines in Manufacturing

What Happened
A KPMG survey reveals 34% of US companies pass over half their tariff costs to customers. Additionally, 82% report decreased foreign sales a year after tariff implementation.

Why It Matters for the AECM Industry
Rising material costs and reduced export opportunities affect project budgets and timelines. Contractors and manufacturers face pressure to increase prices, impacting procurement and supply chain strategies.

What's Next
Businesses plan further price increases to offset tariffs. Monitoring tariff policy changes will be critical for project cost forecasting and contract negotiations.