Tariffs Impact US Manufacturing and Economic Growth
TL;DR Summary
Industries most exposed to tariffs, such as manufacturing, construction, and transportation, are experiencing job losses and negative growth, contradicting President Trump's promise of a manufacturing renaissance. The trade war has caused economic uncertainty, increased costs, and a slowdown in hiring across the US, with foreign-born employment also declining, contributing to a broader labor market slowdown.
- Tariff-exposed industries are losing jobs CNN
- Donald Trump's tariffs put US manufacturing revival hopes to the test BBC
- Trump’s Trade War Squeezes Middle-Class Manufacturing Employment Center for American Progress
- The supply and demand seesaw sending mixed signals about the economy Axios
- How Tariffs Are Undermining the US Economic Growth Story Bloomberg
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