TARIFFS WERE SUPPOSED TO REVIVE US MANUFACTURING. SO FAR, THEY’RE HAVING THE OPPOSITE EFFECT
https://s.yimg.com/ny/api/res/1.2/cFCyWVSUgJCpPCKsNydetQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD04MDA-/https://media.zenfs.com/en/investopedia_245/fa734c75626f3f84b3354f0409ad3d91
✍️ Manufacturing activity in the US showed some improvement in August, but tariffs are still pressuring businesses, causing higher costs and uncertainty.
👉 Tariffs are impacting supply chains and causing higher material costs 👉 Uncertainty of changing tariffs is limiting activity 👉 Manufacturing sector contracted for the sixth straight month in August 👉 High input prices and elevated supply pressures from tariffs are making it difficult for manufacturers 👉 Economists predict the manufacturing industry will remain in slow-growth mode throughout the year
-- #ShannonGrein #TimQuinlan #ScottAnderson #business
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