Trump’s tariffs driving thousands of layoffs at US manufacturing plants

Trump’s tariffs driving thousands of layoffs at US manufacturing plants

Trump said the plan was to increase manufacturing jobs

The domestic fallout from Trump’s tariffs, in 3 charts

Economists say the spike in certain spending is neither sustainable nor evidence of a healthy economy. | Frederic J. Brown/AFP via Getty Images It’s not just the stock market. In the few weeks since President Donald Trump announced sweeping tariffs, a series of indicators from across the economy suggest anxiety — or even outright panic — is in the economic driver’s seat. Consumer confidence is at a near-record low. People are panic-buying produc…

In response to the US reciprocal tariff policy, Labor Minister Hong Shenhan said on the 23rd that the main impact will be on export-oriented small and medium-sized traditional manufacturing industries, and they will be given priority attention and support. He stressed that the last thing he wants to see is illegal layoffs and illegal reductions in work hours.

Tariffs may mean more US steel jobs. Will there be workers to fill them?

Just over 20% of manufacturing plants across the U.S. that said they failed to produce at full capacity cited a shortage of labor or specific skills as the key reason

British manufacturers will start laying off workers within weeks if the government in London fails to protect the British economy from US President Donald Trump's trade war with tariffs, industry leaders have told MPs. Senior executives from Britain's automotive, manufacturing and energy sectors have warned a committee of British MPs that they expect job losses this summer if the United States goes ahead with a series of trade tariffs imposed by…

“The U.S. customer and consumer will suffer the most from Trump’s tariffs.” Ignacio Olave Ignacio Olave, responsible for the relationship with Estela Capital’s investors, as global equity managers see market volatility and uncertainty as a positive boost. Estela Capital does not attempt to guess when it will end [...] The entry “The U.S. customer and consumer will suffer the most from Trump’s tariffs.” Ignacio Olave first appeared on Business TV.