Manufacturers across the United States are worried by President Donald Trump's trade policies, which many blame for higher prices and supply disruptions, according to a Federal Reserve survey released tosday.
For the moment the extent of any pass-through to consumer prices was "slight to moderate," according to the Fed's "beige book" survey of the economy, although this was expected to intensify in some areas.
Trump has shown no sign of tapping the brakes in a trade war with the principal US economic partners, with scores of billions in imports now subject to border taxes and more likely on the way.
The policy has alarmed Republican leaders and US industry, who fear lost markets and rising prices, and drawn sharp retaliation from outraged allies.
"Manufacturers in all districts expressed concern about tariffs and many districts reported higher prices and supply disruptions that they attributed to the new trade policies," the Fed survey said.
"Tariffs contributed to the increases for metals and lumber," it added. "However the extent of pass-through from input to consumer prices remained slight to moderate."
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