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A boom in electric cars, trade disputes, and Brexit have hurt sales and caused costs to rise.
President Donald Trump won over Rust Belt states in 2016 on pledges to revive American manufacturing.
A state survey returned its strongest reading since March, while a private poll signaled the sector expanded at its fastest rate in three years.
Factory output of motor vehicles and related parts dropped 7.1% last month. Excluding the motor vehicles sector, US factory production only fell 0.1%.
Bankrate determined the 25 industries that lost the most US jobs as a result of the trade war using data from the Economic Policy Institute.
We just got the latest sign of a downturn in US manufacturing — the opposite of what Trump’s trade wars were supposed to accomplish
The manufacturing sector accounts for 11% of gross domestic product but is deeply intertwined with broader parts of the economy.
The construction equipment titan — a bellwether for global industry — posted a 6% drop in sales and an 8% drop in profit per share.
President Donald Trump took office promising to throw out the economic rule book, and that has turned out just about as badly as one might expect.
We just got the latest sign the US is losing manufacturing jobs — the opposite of what Trump’s trade wars were supposed to accomplish
While President Donald Trump pledged to revive factory jobs in the US, that pocket of the economy dipped deeper into a recession last month.
A flood of new data from the US and eurozone suggests recession risks are flashing red. Here’s a full rundown of the wreckage.
The latest economic warning signs arrived after the World Trade Organization allowed the US to levy $7.5 billion in tariffs on European imports.