Trump's tariffs were supposed to revive U.S. manufacturing. They're wrecking it. | AI News Digest
President Trump's tariffs, intended to boost U.S. manufacturing, are instead causing significant harm to the sector. Recent data indicates a consistent decline in factory activity, with many executives citing tariffs as a major factor. A survey revealed that over 70% of Texas manufacturers reported negative impacts from tariffs, while nearly 80% noted increased input costs. The uncertainty surrounding these tariffs has led to hesitance in business investments, further dragging down the economy. Critics argue that Trump's approach is misguided and that a more strategic investment in manufacturing is needed for true revival.
