Trump’s tariffs were supposed to help manufacturers, but instead they’re hurting them

Synopsis American manufacturing faces challenges due to President Trump’s tariffs. Businesses report increased costs and reduced workforces. While the administration cites potential future benefits, current evidence suggests a negative impact. Tariff uncertainty deters investment, and global trade imbalances persist. This situation affects smaller companies significantly. Washington: Jay Allen is a fan of President Donald Trump, and voted for him on the belief that the Republican would cut taxes and trim regulations, helping his manufacturing business in northeast Arkansas. But the tariffs at the core of Trump’s economic agenda have wreaked havoc on his company, Allen Engineering Corp., which makes industrial…