We really did it.
We took a growing US manufacturing economy, declared it broken, started a trade war, and ... broke US manufacturing.
In last 48 hours:
- Philly Fed Survey: "New orders fell sharply, from 8.7 in March to -34.2, its lowest reading since April 2020"
- NY Fed Survey: Expected orders and shipments plunging
Again, this is a policy to revive US manufacturing.
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