Page 18 - The South China Business Journal
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C. Today

“It’s a nightmare,” said More than 60 cheese extending lead times for said in a statement
and dairy producers production materials. Monday. “Respondents
BelGioioso President wrote to the Trump While the Institute for are overwhelmingly
administration last Supply Management’s concerned about how
Errico Auricchio…. month, saying the trade gauge of manufacturing tariff-related activity
war could cost them jumped in June, the is and will continue to
The trade fight that foothold. “Our increase was largely due affect their business.”
comes at a bad share of the Mexican to a spike in the group’s
time for the Farm market is in grave supplier-deliveries ISM’s Fiore also spoke to
Belt. Five years jeopardy,” they wrote. gauge, which was the the Wall Street Journal:
of big harvests second-highest since
and rising dairy Manufacturers are 1979 and indicated “There’s an extreme
production getting hit as well. slower performance. amount of activity
have pushed Bloomberg reports that going on to account for
down prices “Global Trade-War Threat “Demand remains impacts that are driven
for agricultural Is Bringing Anxiety to robust, but the nation’s by the aluminum and
commodities Factory Floor”: employment resources steel tariffs, and that is
including corn, and supply chains expanding out to other
soybeans and milk. In the U.S., tariffs continue to struggle,” industries,” [he said]….
Farm incomes have and a variety of Timothy Fiore,
declined.… transportation issues chairman of the U.S. Mr. Fiore noted that
are dogging American ISM manufacturing some manufacturer
manufacturers, survey committee, representatives who

16 AmCham South China
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