04-April-2025
Economy News
 
Tariff Woes Depress US Manufacturing, Erode Labor Demand
02-Apr-2025

U.S. manufacturing contracted in March after growing for two straight months, while a measure of inflation at the factory gate jumped to the highest level in nearly three years amid rising anxiety over tariffs on imported goods. Anecdotes from the Institute for Supply Management survey on Tuesday offered a gloomy assessment of business conditions, with tariffs cited as a major factor by manufacturers. President Donald Trump's wave of tariffs has eroded business and consumer confidence.

News Source:- https://money.usnews.com/investing/news/articles/2025-04-01/us-manufacturing-slips-back-into-contraction-as-tariffs-angst-mounts