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America's manufacturers hammered by China's coronavirus woes


Added 02-20-20 08:04:01pm EST - “As the epidemic slows exports from the global manufacturing hub, the higher prices for everything from tubes to metal pieces could further dent earnings.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “America's manufacturers hammered by China's coronavirus woes”. Below is an excerpt from the article.

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South China Morning Post executive Chung-Yan Chow argues things look to be moving in a positive direction in China with regard to coronavirus and most cases of the disease are confined to Wuhan, but the virus has had a significant impact on the Chinese economy.

CHICAGO/NEW YORK (Reuters) - The outbreak of coronavirus in China has forced U.S.-based suppliers to industrial giants such as Caterpillar Inc (CAT.N), Deere & Co (DE.N) and Komatsu Ltd (6301.T) to grapple with a surge in costs to avoid production disruptions.

As the epidemic slows exports from the global manufacturing hub, the higher prices for everything from tubes to metal pieces could further dent earnings of tractor and machinery makers that are already battling with a downturn in America’s industrial economy.

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