Engine manufacturer Cummins has indicated that tariffs will add $250 million to its costs in 2019. COO Richard Freeland expects to offset the $150 million element due to duties on Chinese exports (the remainder being due to metals costs) by shifting production to other countries as it has the “capability and capacity” to “set up someplace (else) in the world”. Cummins has also accelerated its imports from China, which accounted for 36.3% of the total in the 12 months to Sept. 30, by 58.4% in the past three months to Sept. 30 to preempt further tariff increases. Shifting production fro...