DiscoverMarkets & Money Today | 2 Min News | The Daily News Now!U.S. Manufacturing Contracts for 9th Month, Tariffs Blamed
U.S. Manufacturing Contracts for 9th Month, Tariffs Blamed

U.S. Manufacturing Contracts for 9th Month, Tariffs Blamed

Update: 2025-12-01
Share

Description

U.S. manufacturing faces a ninth consecutive month of contraction, with factories grappling with fewer orders and soaring material costs due to persistent import tariffs. The Institute for Supply Management survey reveals that some manufacturers are making permanent changes, such as reducing staff and exploring offshore manufacturing options. President Trumps tariffs on vehicle and auto parts imports, along with the recent twenty-five percent duty on medium and heavy-duty trucks and parts, are exacerbating the situation. The manufacturing index has dropped to forty-eight point two, indicating contraction in the sector, which accounts for ten percent of the U.S. economy. Despite a potential uptick due to the end of the government shutdown, factory activity is expected to remain subdued, underscoring the substantial impact of trade policies on American businesses and workers.

The Daily News Now! — Every city. Every story. AI-powered.


Hosted on Acast. See acast.com/privacy for more information.

Comments 
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

U.S. Manufacturing Contracts for 9th Month, Tariffs Blamed

U.S. Manufacturing Contracts for 9th Month, Tariffs Blamed