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[quote=Anonymous][b]U.S. Manufacturing Contracts for 6th Straight Month[/b] U.S. manufacturing contracted for a sixth straight month in August as factories dealt with the fallout from the Trump administration’s import tariffs, with some manufacturers describing the current business environment as “much worse than the Great Recession,” Reuters reports. [b]Trump May Be Forced to Refund $210 Billion in Tariffs[/b] “The majority of the sweeping tariffs President Donald Trump imposed during his second term face one final litmus test that will determine whether he can continue to levy them – and also whether businesses are eligible for massive refunds,” CNN reports. “American businesses have paid over $210 billion as of August 24 to cover the tariffs that US courts have determined are illegal. On Tuesday, Trump acknowledged that the court’s decision, if upheld by the Supreme Court, could result in the US Treasury having to ‘give back’ tariff revenue collected.” [/quote]
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