Potential Effects of Coronavirus (COVID-19) Situation on Mechanical Power’s Component Supply
As all have seen in the news, the coronavirus in China is impacting global economies and specifically manufacturing relevant to our respective businesses. Mechanical Power has been closely monitoring the situation and quantifying any potential impact to our ability to...
USA / China Tariff News – Phase 1 Deal Signed
Highlights of the Phase 1 Tariff Agreement On Wednesday January 15, the phase 1 China/USA trade deal was finally struck and signed. As a refresher, this phase took list 4a tariffs from 15% to 7.5% as of February 15. Unfortunately list 4a has very little to do with...
Net Farm Income Forecast Improves Significantly for 2019
In September 2019, the USDA released estimates of the U.S. farm income for 2019. In the current period of China tariffs harming the Midwestern farmer, we were surprised by this good news. The estimate for the net farm income grew from $69 billion in March to $88...
USA & China Tariff War News – October 2019 Update
As we indicated in our previous blog covering the tariffs on imported goods, meetings did take place last week between U.S. and Chinese officials regarding the trade war and the tariffs. Slowly but surely, it appears that both sides are making progress. We have...
Tariffs and Mechanical Power
The ever-evolving tariff situation and trade wars initiated by our current President have been difficult to keep up with due to the erratic nature of their developments. The changes in tariffs have a direct impact on Mechanical Power and our customers as many of our...
