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Orders of manufactured goods have been picking up in recent months, according to the Institute for Supply Management. That’s a sign that production and hiring could increase in the months ahead.
The impact of tariffs will be uneven.
The metals are paired as targets for import duties, but they serve different markets. Domestic steel has spare capacity, aluminum not so much.
ADP estimates that the services sector gained 190,000 jobs in January and the production sector lost 6,000.
Nobody knows how tariffs will hit.
After a chaotic year, the company has to work out supply chain delays and make output consistent, experts say.
Many companies are rushing to stock up and insulate themselves from likely higher import duties under Donald Trump’s second presidency.
President-elect Donald Trump says he will place an extra 10% tariff on all Chinese exports. China is expected to counter with tariffs on U.S. exports.
Millions of workers lost their jobs in manufacturing. Many never returned to the labor force.
This past spring, Eric Bauer bought the Turner Hat Company, but looming tariffs have thrown a wrench in his plans for the company in 2025.