President Donald Trump’s tariffs are impacting companies’ profits, leading to uncertainty and hesitation in hiring and expansion. More businesses are cutting jobs instead of adding them, as shown in the latest ISM survey. The ISM Manufacturing index fell for the ninth consecutive month, indicating a contraction in the sector. Additionally, ADP’s data revealed a loss of 32,000 jobs in November, with smaller firms bearing the brunt of the impact from tariffs and reduced consumer spending. The trend of job cuts and manufacturing contraction may continue into 2020.

Read more at Yahoo Finance: Trump’s 2025 tariffs to trigger fresh layoffs in 2026