Tariff Gloom Weighs on US Manufacturing

Tuesday, June 03, 2025

U.S. manufacturing contracted for a third straight month in May and suppliers took the longest time in nearly three years to deliver inputs amid tariffs ...

Posted by LampLighter at 04:30 PM | 8 COMMENTS | permalink | Comment on This Entry |

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President Donald Trump's trade war will wreak greater economic damage than previously expected, both in the United States and everywhere else, according to new forecasts by the Organisation for Economic Co-operation and Development.

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-- CNN (@cnn.com) June 3, 2025 at 7:00 AM

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More from the article ...

... The on-again and of-again tariffs were described by some transportation equipment manufacturers as having "wreaked havoc on suppliers' ability to react and remain profitable," while makers of computer and electronic products viewed the duties and government spending cuts as "raising hell with businesses."

"The outlook for the manufacturing sector looks downbeat, particularly with the initial surge in demand from front-loading now behind us," said Matthew Martin, senior economist at Oxford Economics. "Businesses are contending with higher input costs, supply disruptions, and domestic and foreign customers wary of committing to new orders."

The ISM said its manufacturing PMI edged down to a six-month low of 48.5 last month from 48.7 in April. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.2% of the economy.

The PMI, however, remains above the 42.3 level that the ISM says over time indicates an expansion of the overall economy. ...

#1 | Posted by LampLighter at 2025-06-02 07:06 PM | Reply

@#1 ... The outlook for the manufacturing sector looks downbeat ...

But, bringing manufacturing jobs back to America should be a positive thing.

What happened?

#2 | Posted by LampLighter at 2025-06-02 10:22 PM | Reply

Globo-Homo bigly mad at Trump and continues to publish fake forecasts of gloom and doom. Meanwhile, the betting odds on a recession went from 70% to 30% and job openings continue to surprise 'experts'.

What the country needs now is for the Fed to stop their insanely high interest rates to combat non-existent inflation. Not only would it save the government hundreds of billions in interest, it will also help the real estate market.

#3 | Posted by ScottS at 2025-06-03 09:03 PM | Reply | Funny: 2

IMPOSSIBLE. MAGA IS NEVER WRONG. NEVER!!

#4 | Posted by LegallyYourDead at 2025-06-04 11:16 AM | Reply

job openings continue to surprise 'experts'.

Surprise.

www.usatoday.com

"Private employers added only 37,000 jobs in May, according to the ADP National Employment Report released on June 4, significantly fewer than the 110,00 jobs that economists polled by Reuters had predicted. It was the smallest gain ADP has monitored since March 2023.

Leisure, hospitality and financial sectors produced the most newly added jobs in May, according to the report, while 3,000 jobs were lost in manufacturing ' an area that Trump has tried to rejuvenate with his sweeping tariffs on imports."

WINNING!

#5 | Posted by Nixon at 2025-06-04 12:35 PM | Reply

"Leisure, hospitality and financial sectors"

^
Two out of three of those are routine seasonal increases, not really "growth."

#6 | Posted by snoofy at 2025-06-04 12:40 PM | Reply

"#5 | Posted by Nixon"

ADP is a garbage report. We need the BLS numbers. For example, in October of 2024, ADP reported 233,000 private sector jobs were created because they are political - no one in their right mind believed the economy was adding real jobs in the 2H'2024. For that same month, the BLS reported private sector lost 28,000 jobs. So, in general, the BLS is more accurate even though Biden gamed the BLS reporting during his term to report ghost jobs gains. The ghost job gains for 2024 will not be corrected until the September report.

#7 | Posted by ScottS at 2025-06-04 07:29 PM | Reply

@#7 ... ADP is a garbage report. ...

Not really. As I noted in a different thread ...

drudge.com

... The ADP numbers are less good for the absolute numbers, and better for looking at the trend.

The more significant jobs report comes out on Friday. ...

So, not a garbage report, but one where the trend seems to be worthwhile to watch. One of many data points.

What else yer current trolling alias got?

#8 | Posted by LampLighter at 2025-06-04 07:42 PM | Reply