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Tariff Strains, Hiring Challenges

Recent NABE survey shows 35% of U.S. companies are feeling negative impacts of tariffs, and 8 in 10 are struggling with hiring in the tight labor market.

By Jeff Kearns | October 28, 2019 at 05:44 PM

More American companies are reporting negative impacts from tariffs, especially among goods producers, while also seeing persistent difficulties in hiring for high-skill positions.

The share citing negative impacts from recent tariffs rose to 35 percent in October, from 28 percent in July, though almost one-third of respondents report there’s been no impact, according to a National Association for Business Economics (NABE) survey released Monday. Among goods producers, two-thirds say tariffs have hurt their business conditions, down from more than three-quarters in July, according to the survey of 101 members from Sept. 26 to Oct. 14.

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