Wednesday, October 1, 2025

Latest

Trump Tariffs Hurt Nearly 80% of US Manufacturers

Nearly 80% of US manufacturers report increased costs from President Donald Trump’s tariffs, with more than half saying the trade policies have dampened their business outlook, according to new survey data that undercuts the administration’s promise to revitalize American manufacturing.

The National Association of Manufacturers survey, analyzed by Bloomberg, shows 79.7% of companies face higher costs while 57.4% report reduced growth expectations. More than a third have delayed or canceled investments, and 33.7% have implemented hiring freezes or reduced their workforce.

The findings come as federal courts have ruled Trump’s sweeping tariffs illegal, creating additional uncertainty for manufacturers already struggling with supply chain disruptions and rising input costs.

The US Court of International Trade ruled unanimously in May that Trump’s tariffs imposed under the International Emergency Economic Powers Act exceeded presidential authority. The contested tariffs were projected to raise $156.4 billion in federal revenue in 2025.

The US Court of Appeals for the Federal Circuit has temporarily stayed the ruling, keeping tariffs in place during appeals that could reach the Supreme Court.

“At the moment, it is anyone’s guess as to whether these very unpopular tariffs will be reinstated on appeal,” Carl Weinberg, chief economist at High Frequency Economics, wrote in a May 29 research note.

A separate CNBC supply chain survey found 63% of companies expect a recession this year due to tariffs, with 89% reporting order cancellations as the most common response to the trade policies.

The Penn Wharton Budget Model estimates Trump’s tariffs will reduce long-run GDP by 6% and wages by 5%, costing middle-income households about $22,000 over their lifetime. The tariffs amount to an average tax increase of nearly $1,200 per household in 2025, according to the Tax Foundation, making them the largest tax hike since 1993.

China, Canada and the European Union have imposed retaliatory tariffs affecting $330 billion of US exports as of April. These measures are projected to reduce US GDP by an additional 0.2% and cost $132 billion in revenue over 10 years.

Some companies have announced new US manufacturing investments. Honda is moving Civic Hybrid Hatchback production from Japan to Indiana, while Hyundai committed $21 billion to domestic manufacturing through 2028.

However, when companies do consider reshoring, 81% say they would rely more on automation than human workers, according to the CNBC survey.

“What you’re not seeing is investment and reshoring among American firms,” economist Shaowen Yang told Newsweek in May. “What you’re seeing is disinvesting.”

The legal challenges could continue for months as appeals proceed through federal courts. If tariffs are ultimately ruled illegal, companies that paid billions in duties may be entitled to refunds, though the process remains unclear.

Only 7.9% of manufacturers in the National Association survey reported no impact from tariffs, while 7.6% said they had considered relocating operations outside the United States.



Information for this story was found via Bloomberg, and the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Russell Will Lead the Next Market Crash!? | John Feneck

The Global Conflict Has Already Started | Bryan Cunningham

Silver Still At 90:1, What If It Snaps Back To 15:1? | Glenn Jessome – Silver Tiger

Recommended

Silver47 Concludes 15 Hole Drill Program At Red Mountain

Nord Precious Metals Conducts Geophysical Survey At Castle To Identify Historical Workings

Related News

Trump Unleashes 25% Tariff On EU: “They’re Formed To Screw The US”

In another episode on tariff threats, President Donald Trump has announced plans to impose sweeping...

Thursday, February 27, 2025, 09:32:00 AM

Auto Tariffs Coming in April, Trump Says

President Donald Trump said Friday he plans to roll out auto import tariffs around April...

Monday, February 17, 2025, 08:25:24 AM

Trump Demands Higher Drug Prices for Canada as Tariffs Loom

The Trump administration is demanding that pharmaceutical companies raise drug prices in Canada and other...

Monday, August 11, 2025, 08:01:42 AM

Americans Prefer Canadian Oil Amid Trade Tensions, Survey Shows

Most Americans incorrectly believe Saudi Arabia is their top foreign oil supplier, while expressing a...

Monday, February 3, 2025, 07:32:33 AM

Trump Strikes with 25% Secondary Tariff on Venezuela, Shaking Global Oil Trade

President Donald Trump has announced the imposition of a secondary tariff on Venezuela, aiming to...

Tuesday, March 25, 2025, 11:28:00 AM