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Tariffs Pressure US Manufacturing Despite August Uptick
Tariffs Pressure US Manufacturing Despite August Uptick
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BTCCSquare news:
US manufacturing activity remained in contraction for the sixth consecutive month in August, with tariffs undermining their intended purpose of reviving domestic production. The ISM PMI edged up to 48.7 but stayed below the growth threshold of 50, as import taxes disrupted supply chains and dampened buyer confidence.
Manufacturers reported tariff-related material cost increases making domestic fabrication more difficult, while policy uncertainty froze purchasing decisions. The modest improvements in new orders and employment were offset by these structural pressures—a paradox for protectionist measures designed to boost local industry.
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