Trump and Manufacturing

“These are the tariffs on many of the consumer goods that were spared in the previous tariff rounds,” said Neil Dutta, head of economics at Renaissance Macro Research in New York.

The move comes after CEO John Hritz credited the Trump administration’s tariffs for helping pave the way for JSW’s $1 billion U.S. expansion plan in October.

The Commerce Department said the companies raised national security concerns.

“The tariffs will harm U.S. technology leaders, hindering their ability to innovate and compete in a global marketplace,” the companies commented.

Investors foresee a global recession within nine months if Trump imposes 25% tariffs on an additional $300 billion of Chinese exports and Beijing retaliates.

The Institute for Supply Management's purchasing managers index declined to 52.1 from 52.8.

ITIF President Robert D. Atkinson examines the dangers in limiting U.S. tech exports to China.