00:00It's Benzinga, bringing Wall Street to Main Street
00:02Trump's tariffs are raising costs for U.S. manufacturers by increasing prices for tools
00:07and materials used in production, according to AP. Manufacturing employment declined by
00:1298,000 jobs during Trump's first full year back in office, and companies are suing for
00:17more than $130 billion in tariff refunds. The White House said construction spending,
00:22hiring, investment, and productivity are rising, and stated it will take more time for the
00:27benefits of the president's policies to fully materialize. Factory construction rose after
00:32Biden's Chips and Science Act drove a surge in spending starting in 2022, but has declined
00:37under Trump. Policy uncertainty, frequent tariff changes, and higher input costs continue to
00:43limit planning and investment. For all things money, visit Benzinga.com.
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