America's tariffs causing economic issues, layoffs, stock market decline

From Investing.com: 2025-04-11 13:45:00

In March, there were 275,240 layoff announcements, nearing a record high set during the COVID pandemic in 2020. The Manufacturing PMI slowed to 50.8, with the Employment Index dropping into contraction territory at 46.2. On the bright side, 228,000 new jobs were created, but the unemployment rate ticked up to 4.2%. The stock market plummeted due to unexpected tariff hikes, with the S&P 500 trading at a high multiple. President Trump aims to use tariffs to rebuild America’s manufacturing base, but eliminating tariffs may not achieve desired goals. Tariffs are taxes, and with the looming recession, active and smart management is crucial for investors.



Read more at Investing.com: America’s Tariff Gamble Is Turning Into an Economic Trap