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There’s no question his tariffs are raising costs for U.S. manufacturers. At the same time, foreign retaliation has hurt America’s farmers and depressed purchases of agriculture equipment. A slowdown in trade has also dented demand for semi-trucks.
Plus, the uncertainty hanging over the extension of the U.S.-Mexico-Canada trade agreement is delaying some investments since businesses don’t know what the trade rules or tariffs will be in a few years – or even tomorrow with Trump.
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