Manufacturers mired in deepest slump since Great Recession
American manufacturers are sliding deeper into recession. A closely watched gauge of factory activity released on Tuesday registered its weakest reading in more than 10 years, weighed down by slowing global growth, the Trump administration's trade war with China and an ongoing strike by thousands of General Motors workers.
The monthly survey by the Institute for Supply Management, an association of purchasing managers, showed that the sector — which accounts for roughly 12% of U.S. gross domestic product — in September shrank to its lowest level since since June 2009. Manufacturers are also adding fewer jobs.
A decline in international trade and demand for U.S. goods is the biggest factor denting manufacturers, according to ISM. One maker of electrical equipment and parts surveyed by the group also said that "tariffs have caused much confusion in the industry."
In Louisiana, meanwhile, Gov. John Bel Edwards on Tuesday blamed the sudden shutdown of a steel plant on tariffs. "While Bayou Steel has not given any specific reason for the closure, we know that this company, which uses recycled scrap metal that is largely imported, is particularly vulnerable to tariffs," he said.
https://www.msn.com/en-us/money/markets/manufacturers-mired-in-deepest-slump-since-great-recession/ar-AAI7K1F
Trade wars are easy to win - Donny Dotard
= new reply since forum marked as read
Welcome to the inevitable Trump Slump, courtesy of pure hatred for this country slathered with great hubris.
Ah, the walls of that slope are very slippery, be ready to plunge right in. Things are just getting started.
No surprises where had today. 
Wait a second, DON'T!
