Workers assembled a motor at a Volvo plant in Ridgeville, S.C., in June. Richmond Fed President Thomas Barkin said tariffs are posing risks to South Carolina car makers, among other industries in his region. Richmond Fed President Thomas Barkin said tariffs are posing risks to South Carolina car makers, among other industries in his region. Photo: Logan Cyrus/Bloomberg NewsThe long-term impact of tariffs on imported goods is uncertain, but one immediate impact is clear, says Richmond Fed President Thomas Barkin: Businesses and consumers are worried about trade policy. “Uncertainty is bad for business,” Mr. Barkin said in an essay published Friday on the Richmond Fed’s website.

Source: Wall Street Journal September 14, 2018 18:11 UTC