As US auto plants and steel mills are closed and the company announces layoffs and furrows, factory output is shown in red.
The engine and drive train take pictures with the bodywork on the assembly line at the General Motors (GM) manufacturing plant in Spring Hill, Tennessee, USA on August 22, 2019.
(Reuters)
Despite his brief rise and his stubborn promise during his first term, the US manufacturing rebound began to fall by President Donald Trump.
Automobile factories and steel mills are closing. Companies are announcing layoffs and furrows. The factory output is red.
The year-end outlook is dim, and fears that as the global economy slows, a trade war with China and Europe (with billions of dollars in tariffs) will put the world's largest economy at the edge and push it into recession.
The most worrying thing for the president is the darkest in the country, which gave his paper a thin margin of victory in 2016, despite losing his popular voting rights nationwide as he was ready to fight for the second semester next year.
The White House did not tell this story at all.
Throughout September, job creation slowed, key indicators fell, consumer confidence weakened, and factories plummeted. Trump attacked his trade policy, except the Democrats and the Federal Reserve, as the news media blamed the "begging" for the recession.
In a press conference on Sept. 25, President Trump said, "the index of PMI manufacturers rose significantly."
"Our country was the strongest economically."
not really. In fact, the Supply Management Association's manufacturing index, the best observation of the health of US plants, fell to eighth for the first time in three years in eight years.
And a week after Trump's speech, it fell to the lowest level since the Great Recession.
Tim Fiore, ISM's manufacturing research chairman, said AFP's fall this year is the steepest this century.
"It's like a dip," he warned, adding to the risk of recession. "I wouldn't feel good if we stayed under 50 for a few more months."
President Donald Trump returns to the White House in Washington, DC, after an annual visit to the Walter Reed National Military Medical Center on October 4, 2019.
(AFP)
Pa Mercer County Pain
According to Labor Department data, as of August, Wisconsin, Pennsylvania, North Carolina, and Michigan had fewer people working in manufacturing than by the end of 2018.
Trump's winning margin in 2016 was less than 78,000 of nearly 14 million in important battlefield states, Pennsylvania, Wisconsin and Michigan.
But Trump's chief trade adviser Peter Navarro angrily appeared on television and blamed the "singing" news media for the economic weakness.
"This Trump economy is as strong as rock. Manufacturing is as strong as rock," said CNBC's assistant.
He said that highlighting job losses in Pennsylvania is simply "choosing materials."
But there are quite a few cherries to choose from.
On September 30, Louisiana's Democratic governor John Bel Edwards condemned Trump's trade war against the bankruptcy of Bayou Steel, which employs about 400 people.
Steel foundry, run by train manufacturer Wabtec, in Oceana County, Michigan, in which the Republican Party's support surged in the 2016 elections, announced it would close 61 workers by the end of last year with a "fall of business conditions."
In early summer, NLMK USA steel mills fired nearly 100 employees in Mercer County, Pennsylvania, blaming Trump's tariffs on imported griddles.
Trump supporter Mike Kelly has begged the White House to do nothing.
Mercer County showed a significant increase in Trump in 2016, and Republican sharp votes helped to raise him throughout the state.
Red sphere of red
According to data from the Brookings Institution, the manufacturing downturn is hitting Republican County. And in the state of battle, the picture becomes harder.
In Wisconsin and Michigan, Trump Gargin accounts for about one in five occupations. In the Democratic region, it accounts for only one tenth.
Mark Muro, a senior at Brookings, told Trump: “This slowdown can be uncomfortable enough that the economy forms political action (may not be at this stage because we are deeply into a tribal deadlock). said.
Olive Mackie Ethan, Democratic Mayor of Farrell, Pennsylvania, the home of the NLMK steel mill, told AFP that the layoffs hit AFP and hurt the city's voters and tax base.
She condemned Trump and his tariffs.
"I hope everyone who votes above 45 will be happy," she said.
But Matthew McConnell, former Mercer County chairman of Mercer County, said that support for Trump has not diminished.
"If you vote today, you will have more support for Trump," he told AFP.
He added that China needs to challenge unfair trade practices.
"He didn't have a commitment to NLMK employees, but business people sometimes have to make decisions to improve the majority."
Source: AFP
Source Link : https://www.trtworld.com/americas/as-us-factories-falter-white-house-insists-economy-like-a-rock-30399?utm_source=other&utm_medium=rss