Marketplace
Will tariffs boost U.S. manufacturing?
Mar 24, 2025
Sabri Beneshore, a Marketplace reporter focused on the S&P Global Purchasing Managers Index, examines the potential impact of U.S. tariffs on manufacturing. He discusses how recent trade policies might reshape the sector and the mixed signals in financial markets. The conversation also touches on the challenges faced by Gen Z and millennials in the housing market, alongside competition in college admissions. Additionally, listeners learn about the innovative plans for rebuilding the Francis Scott Key Bridge in Baltimore.
25:38
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Quick takeaways
- Tariffs have caused initial manufacturing optimism, but rising input costs have led to a decline in production performance.
- Homeownership rates for Gen Z and millennials are stalling due to rising interest rates and housing affordability challenges.
Deep dives
Impact of Tariffs on the Economy
Recent adjustments in tariff policies have significant implications for both the manufacturing and service sectors of the economy. While manufacturers initially ramped up production in anticipation of tariffs, March saw a decline in performance attributed to rising input costs linked to these tariffs. Despite this setback, manufacturers expressed a rare optimism about the future, suggesting that a more protectionist environment could ultimately benefit them. In contrast, the service sector, which employs a majority of U.S. workers, reported a decline in confidence, largely due to tariff anxiety and a cooling labor market.
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