Impact of U.S. and China Trade Tensions The U.S. continues to impose tariffs on over $200 billion of imports from China. Trump and Xi Jinping have agreed to reinstate trade talks. As the talks continue to drag out, it is clear that U.S. manufacturing is being negatively impacted by the
House Bill 2 was recently introduced in Ohio to establish and fund three new workforce development programs. Overseen by the Development Services Agency, this bill will support industry sector partnerships and industry-recognized credentials by providing $32.5 million in state funding in FY 2020 and FY 2021 for the three programs.
Barnes Dennig, North Side Bank, and USI Insurance recently revealed the results of their 2019 Manufacturing Compensation & Benefits Benchmarking Study that surveyed regional manufacturing companies in Ohio, Kentucky, and Indiana. Of the 97 companies that participated, 48 companies had over 100 employees (large companies) and 49 companies had under
The optimistic outlook for manufacturing companies in Kentucky, Ohio, Indiana and across the United States has reached a record high. It appears that many of the changes ushered in through tax reform combined with pro-growth policies enacted by the current administration are allowing manufacturing companies to seize new opportunities in
Dr. Alan Beaulieu, nationally recognized economist from Institute for Trend Research (ITR) Economics, presented his economic forecast on November 7th, 2018 at the 19th Annual Manufacturing Seminar, presented by Barnes Dennig, Huntington Bank and DBL Law. Beaulieu is a principal, as well as the
The steel and aluminum tariffs initiated by the Trump administration are making an impact further downstream than one might think. In other words, the tariffs are not just affecting those who do the importing. On March 8, 2018, President Trump imposed a 25% tax on imported steel and a 10%