Trump’s Tariffs Hurting Manufacturers

WASHINGTON (AP) — There’s a growing body of data showing that the tariffs President Donald Trump said would help American factories are, in fact, squashing many of them. Take, for example, Allen Engineering, which makes industrial equipment in northeast Arkansas. Jay Allen says his costs for the parts for his power trowels have all been hiked by import taxes. He said he lost money last year, even though he cut his payroll and increased prices. Data shows manufacturing jobs dropped during Trump’s first year back in office. The White House says Trump’s policies will take time to make a difference. But economists say the uncertainty caused by the tariffs has set back the sector.