business / news / / Firstpost
In August alone, 12,000 manufacturing jobs were lost, bringing the total decline since April to 42,000.
US manufacturing employment has fallen by 33,000 jobs in 2025, mainly in durable goods sectors.
KEY POINTS
- The July Republican-backed bill phases out tax credits impacting renewable energy manufacturers.
- A federal appeals court ruled Trump overstepped IEEPA authority, and he seeks Supreme Court review.
- John Deere incurred $300 million in tariff-related import costs and announced layoffs in Illinois and Iowa.
- Legal and policy uncertainty around tariffs has directly discouraged hiring and increased manufacturers' costs.
COMPANIES
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