Trump's Effect on the Economy To Date (1 Viewer)

[jpn]

• Volvo is cutting 800 jobs at three U.S. factories, citing tariff uncertainty.
• The Philadelphia Manufacturing Survey is plunging, signaling extreme pessimism among U.S. manufacturers.
• Howmet Aerospace, a major aircraft parts manufacturer based in Pittsburgh, has declared that it may halt production due to Trump’s tariffs.
• The April NY Manufacturing Survey is recording some of the most negative conditions that it has ever recorded, with new orders and shipments falling off a cliff:

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• The Philadelphia Fed’s survey of manufacturers is also showing a massive dropoff in new orders.
• Falling orders are causing Volvo to lay off hundreds of American workers at two factories.
• Ford is halting sales of some American-made cars to China. (Note: This will increase America’s trade deficit with China).
• GM is laying off American factory workers too.
• News of various other factory layoffs is proliferating. Cleveland Cliffs, the steel company, is laying off 1200 workers.
• Manufacturing business confidence is plummeting

None of this was unexpected by mainstream economists. Broad tariffs of the type Trump has imposed raise the price of imported components and make U.S. manufacturers less competitive.
And on top of the effect of the tariffs themselves, uncertainty about future tariffs — which has spiked to record levels under Trump — hurts manufacturing even more, because manufacturers don’t know how to plan their future supply chains.

 

[Germinator]

 

[jpn]

He's making not just us, but the whole world poorer. Whatta guy.

 

[Helix]

He's obviously trying to destroy it.

 

[rhinefire]

CNBC is saying this afternoon there is little interest in getting back in the market. Why? Because Trump has no plan for anything. AI will not come back with any velocity as well. The pros are saying this, not me. I would love to wiggle back in but how can I with the scatter brain freak is playing pickle ball with no pickle. No investor can be certain of anything Trump says much like he has been doing since day one.

 

[OlNate]

CNBC is saying this afternoon there is little interest in getting back in the market. Why? Because Trump has no plan for anything. AI will not come back with any velocity as well. The pros are saying this, not me. I would love to wiggle back in but how can I with the scatter brain freak is playing pickle ball with no pickle. No investor can be certain of anything Trump says much like he has been doing since day one.

Oh, some investors can. You just need to be in the club.