First Manufacturing Expansion in Two Years Threatened by Higher Tariffs | Global News Avenue

The month of manufacturing in more than two years in January is the best. However, this improvement is not enough to worry economists’ influence on President Donald Trump on the influence of manufacturing.

this School of Supply Management manufacturing Purchasing Manager Index In January for the first time in 26 months, more than 50 % of the line, which indicates the economic expansion of the industry. 50.9 % of the reading is higher than 49.2 % of the last month, and it is slightly higher than the predictions of the survey economists. “Wall Street Journal” and Dow Jones NewsEssence

But the result did not take into account Trump’s relocation Tariffs for Canada and China Starting on Tuesday Mexico tariff next month. These three countries account for about 40 % of the imports of imports in the United States.

Oxford Economics American senior economist Matthew Martin said: “The manufacturing industry continues to maintain a positive momentum in January, but we expect this to be due “” “Our initial modeling shows that the demand for goods is significantly reduced, the inflation rate is higher and interest rates are higher, which will pay attention to the upward trend of new students in the manufacturing industry.”

Optimistic emotions for manufacturing may be shocked by tariffs

The report shows that the new orders in the third month have increased, and the current output is expanded for the first time within nine months. The employment level is also higher.

Trump proposed tariffs as a means Restore the US manufacturing industry Under the weight of rising interest rates and stricter loan standards, this has always been in trouble. Trump believes that more Manufacturers will produce products in the United StatesEssence Avoid costs higher.

The survey was conducted before Trump announced the tariff. At that time, manufacturing officials said that they felt better about the economic environment in January, although they did mention concerns about tariffs.

Wells Fargo said: “Choosing the industry’s comments has aroused the optimistic attitude of people’s attention to tariffs and supply chains among the purchasing managers.”