Illinois manufacturers are concerned that presumptive President-elect Joe Biden will not only hike taxes and create more red tape than President Donald Trump but would take a weaker stance on Chinese companies stealing their products and illegally recreating them.
In a survey conducted last month, 62% of the 162 Illinois-based manufacturers who responded say they’ve got less confidence in their business’ outlook under a Joe Biden presidency.
The survey didn’t elaborate on specifics but the Technology Manufacturer’s Association of Illinois, who conducted the survey, said employers fear Biden’s administration would hike taxes, introduce new regulations, and fail to keep the pressure on China for their theft of intellectual property.
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