Trade Offs

TL;DR: Trade war could negatively impact various industries, including industrial machinery, robotics, and automotive. It could also lead to potential cost savings through technological advancements and new market opportunities.

Abstract: Many economists predict that a combination of higher tariffs and political uncertainty could negatively impact industrial machinery, robotics, automotive, and other industries. A full-scale trade war could create as many losers as winners, even among engineers. Some experts believe a trade war could spur companies to implement technology such as artificial intelligence, automation, and the latest designs in a bid to cut manufacturing costs, and to seek out business opportunities in markets like aerospace. This article delves into how the industry is bracing for the impact of tariffs.