According to the U.S. Chamber, half of America’s manufacturing jobs are dependent on exports. So when it comes to trade-related taxes, Ohio has much at stake. A new infographic by HowMuch.net shows that tariffs could negatively impact Ohio to the tune of $3.2 billion.
In some good news, federal data this week show U.S. factory output increased by 0.5% in August — more than forecast — signaling that U.S. manufacturing may be starting to stabilize. The increase included a 1.6% jump in the output of machinery, and a 0.9% expansion in fabricated metals. 9/18/2019