U.S. companies showed widespread concerns about tariff and trade policy uncertainty, but generally reported minimal impact thus far, according to a regional survey from the Federal Reserve.
The anxiety about protectionism was broad geographically and across industries as pricing difficulties, labor shortages and supply-chain disruptions were cited in the Fed’s so-called Beige Book, released Sept. 5. The ability to pass on higher costs was varied, according to anecdotal examples before the U.S. put a 15% tariff on $112 billion in Chinese imports Sept. 1.
