Uncertainty still looms over manufacturers’ decisions about whether to pass on tariff costs and what to do about hiring.
It’s mostly down to the falling price of oil, but the ingredients and materials manufacturers use are getting cheaper too.
The Biden administration hasn’t removed Trump’s tariffs on steel or aluminum — to the benefit of some U.S. manufacturers.
The EU already imposes an environmental charge on EU-made goods. Its new plan would assess the same charge on imports.