Tariffs Add Fuel to the Slowdown as US Manufacturing Contracts Again

From Investing.com: 2025-04-01 12:05:00

Tariffs are causing concern about supply chains and foreign retaliation, overshadowing their aim to boost US manufacturing. Recent data show US manufacturing back in contraction territory, with drops in employment, new orders, and production. The fear of tariffs is affecting the sector, with prices rising and consumer spending power at risk. The falling job openings and quits rate suggest slowing wage growth, adding to worries about the US growth outlook. Markets are cautious about a soft GDP report, as tariffs are expected to drive inflation above 3% in the second half of 2025.



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