The manufacturing sector showed strong hiring through November in the jobs report released Friday, suggesting that the Trump administration’s tariffs are not having a strong negative effect on the economy, at least not so far.
The administration’s tariffs have increased the prices of the key raw materials of steel and aluminum, putting a squeeze on many companies, but the strength of the economy, with unemployment at a very low 3.7 percent overall, appears to have mitigated those effects.
Real journalism.Trusted by millions.
Unlimited access to in-depth reporting, expert analysis, and the stories that shape our country.
Subscribe Now
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.