US EditionFactory activity slumps as manufacturers brace for Trump tariffs
- US manufacturing contracted in March, with the Institute for Supply Management's PMI dropping to 49, indicating a recession in the sector.
- The expected tariffs from US President Donald Trump could shrink Thailand's GDP by up to 1.2 percentage points, according to InnovestX Securities.
- Economists at Goldman Sachs forecast a 35% probability of a recession in the next 12 months, reflecting declining consumer and business confidence.
18 Articles
18 Articles
Factories around the world brace for Trump tariffs
LONDON/TOKYO: Factories around the world, from Japan to Britain to the United States, saw activity slump in March as businesses braced for new US tariffs, though some saw a bounce in the race to get goods to customers before the new measures hit, global surveys showed on Tuesday. © New Straits Times Press (M) Bhd
US tariffs expected to dent GDP
The reciprocal tariffs expected to be announced by US President Donald Trump Wednesday could shrink Thai GDP by as much as 1.2 percentage points from a forecast of 2.5%, with the Bank of Thailand's one projected interest rate cut doing very little to shore up the economy, says InnovestX Securities.
Tariff woes depress U.S. manufacturing, erode labor demand | Honolulu Star-Advertiser
WASHINGTON >> U.S. manufacturing contracted in March after growing for two straight months, while a measure of inflation at the factory gate jumped to the highest level in nearly three years amid rising anxiety over tariffs on imported goods.
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