‘We’re on the edge of the cliff’ – trade wars plop manufacturers back into a slump, ISM finds

American manufacturers had just begun to emerge from a long slump when the Trump trade wars struck. Now they have fallen back into contractionary territory as they try to cope with widespread tariffs.

May 1, 2025 - 16:01
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‘We’re on the edge of the cliff’ – trade wars plop manufacturers back into a slump, ISM finds
American manufacturers had just begun to emerge from a long slump when the Trump trade wars struck. Now they have fallen back into contractionary territory as they try to cope with widespread tariffs.