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Witnesses say tariff uncertainty and volatile trade policy are deterring investment and hiring
Summary
Experts told the Joint Economic Committee that unpredictability in tariff policy and trade rules causes firms to hold inventory, delay investment and freeze hiring, reducing the effectiveness of reshoring incentives.
Several witnesses and committee members told the Joint Economic Committee that volatile tariff policy and trade uncertainty are significant disincentives to domestic manufacturing investment.
Why it matters: Witnesses said unpredictability in trade policy raises firms’ costs and risk, prompting businesses to hoard inventory, delay capital spending and pause hiring — outcomes that blunt the impact of federal incentives intended to spur domestic…
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