The U.S. manufacturing sector contracted for the third straight month in May, raising concerns among industry leaders. New orders, production, and employment continue to decline, while prices for raw materials are on the rise, creating a challenging environment for manufacturers.
In a critical move, Senate GOP leaders have successfully defended Trump's tariffs, with Vice President Vance casting the tie-breaking vote. Despite economic contraction, the bill to rein in tariffs was rejected, signaling ongoing support for Trump's trade policies.
