Washington, June 9 -- US businesses are warning that the constantly shifting trade policies of the US government are interfering with their ability to plan for the future, leading to hiring and investment freezes, The Wall Street Journal has reported.
John Starr, the owner of UltraSource, an importer and manufacturer of meat-processing technology in Kansas City, Missouri, was quoted as saying that he is hunkering down with no hirings and no more capital spending until he has clarity on tariffs.
The report said the company is waiting for suppliers in Europe to finish work on orders worth $20 million , which it placed before 10% tariffs imposed by the Trump administration took effect on April 9. This means that the company faces a $2 ...