U.S. manufacturing showed signs of renewed strength in August, driven by rising new orders and accelerated production. According to new data from S&P Global, the U.S. Manufacturing Purchasing Managers’ Index (PMI) surged to 53.0, marking the highest reading since mid-2021 and a sharp rebound from July’s 49.8.
A new Democrat report warns that manufacturing investment in the United States could fall by nearly $490 billion by 2029 due to President Donald Trump’s trade policies.
Treasury Secretary Scott Bessent said Sunday that President Donald Trump wants to reestablish stronger business ties with China, even as the administration prioritizes rebuilding America’s manufacturing base. His remarks came during an interview on CNN’s “State of the Union,” where he addressed the challenges small businesses face in sourcing American-made goods.
President Donald Trump’s aggressive tariff strategy is delivering a major boost to American manufacturers, with new orders and job growth climbing as companies move away from Chinese suppliers. A 145% tariff on Chinese goods has made American-made products more competitive, forcing many firms to reshore operations and invest in U.S.-based production.
