Saralnama71% of manufacturers surveyed by the Dallas Federal Reserve in August said tariffs had negatively impacted their business. The tariffs, ranging from 10% to 50% on most imports, have raised costs and hurt profits. In Fall River, Massachusetts, some factories are turning down new orders due to hiring difficulties and doubts about sustained demand. Matouk, a bedding maker, faces over ₹83 lakh in monthly added costs from tariffs. The company has cut investments in equipment and marketing. Overall, US manufacturing jobs have decreased in 2025, with 12,000 jobs lost in the latest month. Despite challenges, some Trump supporters in Fall River remain hopeful, willing to give the president's economic strategy more time. (Updated 8 Sep 2025, 18:08 IST; source: link)
Key Points
- 71% of manufacturers surveyed by the Dallas Federal Reserve in August said tariffs had negatively impacted their business
- The tariffs, ranging from 10% to 50% on most imports, have raised costs and hurt profits
- In Fall River, Massachusetts, some factories are turning down new orders due to hiring difficulties and doubts about sustained demand