Utility Dive•8 days ago
Manufacturers prefer price hikes over reshoring to combat tariff effects
- •A survey indicates 86% of manufacturers will pass on cost increases rather than reshore production, impacting equipment and component prices.
- •Raw material costs are projected to rise by 5.4% in 2025 and an additional 4.4% in 2026.
- •This trend signals higher capital expenditures for power project developers and increased operational costs for large power consumers due to tariff effects.
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