Trump's Tariffs: Job Losses Loom as Economy Struggles

President Trumps tariffs, aimed at boosting American jobs, may inadvertently lead to job losses. A survey from the Institute for Supply Management reveals concerns from business leaders and economists about increased company costs due to tariffs, potentially forcing staff reductions. The manufacturing index and employment gauge both show declines, indicating a softening job market. Despite stable broader economic conditions, the full impact of tariffs on the global economy remains uncertain, with some companies already planning to reduce their U.S. workforce.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.