00:00It's Benzinga bringing Wall Street to Main Street.
00:02Manufacturers cut jobs in each of the eight months after Trump unveiled Liberation Day
00:07tariffs, extending a contraction that has eliminated more than 200,000 jobs since 2023,
00:13according to the Wall Street Journal. The Institute for Supply Management Index
00:17contracted for 26 consecutive months through December, though January showed an uptick
00:22in orders and production. The Census Bureau said manufacturing construction spending fell
00:27in each of Trump's first nine months in office after surging under Biden-era incentives.
00:32Companies across steel, autos, trucking, and furniture reported higher input costs,
00:37supply constraints, and delayed investment tied to tariffs and policy uncertainty.
00:41For all things money, visit Benzinga.com.
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