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Manufacturing Hits a Ten Year Low
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<blockquote data-quote="BrownArmy" data-source="post: 4225548" data-attributes="member: 18225"><p>"The manufacturing slump is more surprising. After all, America runs a large trade deficit in manufactured goods, so you might expect that tariffs, by forcing buyers to turn to domestic suppliers, would be good for the sector. That’s surely what Trump and his advisers thought would happen.</p><p></p><p>But that’s not how it has worked out. Instead, the trade war has clearly hurt U.S. manufacturing. Indeed, it has done considerably more damage than even Trump critics like yours truly expected.</p><p></p><p>The Trumpist trade warriors, it turns out, missed two key points. First, many U.S. manufacturers depend heavily on imported parts and other inputs; the trade war is disrupting their supply chains. Second, Trump’s trade policy isn’t just protectionist, it’s erratic, creating vast uncertainty for businesses both here and abroad. And businesses are responding to that uncertainty by putting plans for investment and job creation on hold."</p><p></p><p><a href="https://www.nytimes.com/2019/10/03/opinion/trump-economy.html?fallback=0&recId=1RoM8ywRbtT4dU0LlF8SH3Mkopi&locked=0&geoContinent=NA&geoRegion=MA&recAlloc=top_conversion&geoCountry=US&blockId=most-popular&imp_id=763641233&action=click&module=trending&pgtype=Article&region=Footer" target="_blank">Opinion | Here Comes the Trump Slump</a></p></blockquote><p></p>
[QUOTE="BrownArmy, post: 4225548, member: 18225"] "The manufacturing slump is more surprising. After all, America runs a large trade deficit in manufactured goods, so you might expect that tariffs, by forcing buyers to turn to domestic suppliers, would be good for the sector. That’s surely what Trump and his advisers thought would happen. But that’s not how it has worked out. Instead, the trade war has clearly hurt U.S. manufacturing. Indeed, it has done considerably more damage than even Trump critics like yours truly expected. The Trumpist trade warriors, it turns out, missed two key points. First, many U.S. manufacturers depend heavily on imported parts and other inputs; the trade war is disrupting their supply chains. Second, Trump’s trade policy isn’t just protectionist, it’s erratic, creating vast uncertainty for businesses both here and abroad. And businesses are responding to that uncertainty by putting plans for investment and job creation on hold." [URL="https://www.nytimes.com/2019/10/03/opinion/trump-economy.html?fallback=0&recId=1RoM8ywRbtT4dU0LlF8SH3Mkopi&locked=0&geoContinent=NA&geoRegion=MA&recAlloc=top_conversion&geoCountry=US&blockId=most-popular&imp_id=763641233&action=click&module=trending&pgtype=Article®ion=Footer"]Opinion | Here Comes the Trump Slump[/URL] [/QUOTE]
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