Tag: Tariffs
R.I. manufacturers feeling bite of tariffs
PAWTUCKET – U.S. Rep. Gabe Amo, D-R.I., recently hosted a roundtable discussion featuring six small manufacturers from Rhode Island’s 1st Congressional District to examine the...
U.S. employers added a surprising 147K in June despite uncertainty over...
U.S. employers added 147,000 jobs in June as the American labor market continues to show surprising resilience despite uncertainty over President Donald Trump's economic...
U.S. economy shrank 0.5% between January and March
WASHINGTON (AP) – The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce...
Americans’ take on the economy sours in June
WASHINGTON (AP) – Americans' view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence to its lowest level...
Report: Hasbro laying off 3% of its global workforce due to...
PAWTUCKET – Hasbro Inc. is laying off 3% of its global workforce due to tariffs, multiple media outlets reported Wednesday.
The job cuts span departments...
U.S. retail sales slide after a spring spending surge to beat...
WASHINGTON (AP) – Retail sales fell sharply in May as consumers pulled back after a sharp increase in spending in March to get ahead of President...
Hiring in the U.S. slows, yet employers added a solid 139K
WASHINGTON (AP) – U.S. employers slowed hiring last month, but still added a solid 139,000 jobs amid uncertainty over President Donald Trump's trade wars.
Hiring fell...
U.S. growth likely to slow to 1.6% this year, hobbled by...
WASHINGTON (AP) – U.S. economic growth will slow to 1.6% this year from 2.8% last year as President Donald Trump's erratic trade wars disrupt global commerce,...
Tariff war not helping manufacturers
Local manufacturers were hopeful during pandemic-fueled supply chain disruptions for an eventual return of manufacturing jobs that were shifted overseas in previous decades.
But that’s...
R.I. manufacturers bracing for pain
As fluctuating tariff orders implemented by President Donald Trump’s administration continue to rattle the global economy, manufacturers in Rhode Island are bracing for higher...
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