Manufacturers are seeking strategies to offset new 12.5% tariffs on goods imported into the United States. Rather than immediately raising prices for consumers, many companies are focusing on boosting productivity and streamlining internal operations. Strategies being implemented include increased automation, supply chain adjustments, and waste reduction. By improving overall efficiency, businesses aim to absorb a portion of the tariff costs and remain competitive in the U.S. market while limiting the immediate impact on end-user pricing.
- Manufacturers face new 12.5% tariffs on goods entering the United States.
- Companies are focusing on productivity gains to absorb the increased import duties.
- Measures include adopting automation, optimizing supply chains, and improving operational efficiency.
- Businesses aim to remain competitive in the market while attempting to minimize price increases for consumers.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
Official website: https://www.channelnewsasia.com/
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Trade pressure changes business decisions. Singapore Decision Intelligence helps explain SME, productivity, and workforce tradeoffs: https://youtu.be/Atkxhp-2Xi0
I see a lot of force labor on those spring roll production lines…
🤣Many countries that once followed the U.S. in accusing China of "forced labor" are now getting a taste of that same experience themselves.😂
Singapore under force labour😂😂😂😂