The ISM U.S. manufacturing purchasing managers’ index came in at 47.8% in September, the lowest since June 2009. So tariffs were supposed to bring back manufacturing jobs huh?
Considering the fact that 60% of U.S. exports is manufacturing. This will have a detrimental effect on the trade deficit and the U.S. dollar.
Also, while manufacturing is contracting, debt keeps piling up. We just got another 100 billion in debt added.
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