The ‘golden age’ of US manufacturing stumbles out of the gate

Quick Summary:

Companies are hesitant to invest due to uncertainty surrounding trade policies and potential economic downturn, leading to concerns about corporate profits and future economic growth.

Both the New York and Philly Fed surveys show rising prices and expectations that they’ll increase further, while companies have dramatically pared back plans to expand their workforces.

At the time of writing, Trump has granted a three-month reprieve to many of the most highly tariffed countries, and product-level investigations and tariffs are still looming on vehicle parts, semiconductors and pharmaceuticals.

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Article Details

Author / Journalist: Bloomberg

Category: Business

Markets: IndiaChinaPakistan

Topics: Donald Trump manufacturing policies Manufacturing sector recession Import duties impact on manufacturing Manufacturing US manufacturing

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-22 @ 09:52:22 (2 days ago)

News Timezone: GMT +8:00

News Source URL: economictimes.indiatimes.com

Language: English

Article Length: 1592 words

Reading Time: 9 minutes read

Sentences: 42 lines

Sentence Length: 38 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Economic Times

News ID: 28152030

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About Economic Times

Main Topics: Business

Official Website: economictimes.indiatimes.com

Update Frequency: 5 posts per day

Year Established: 1961

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #84

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