Businesses face rising costs and less demand even after tariffs are reduced Even after the Trump White House dialed back high U.S., tariffs, American manufacturers say ongoing trade wars have raised costs, curbed demand and made it hard to plan for the future. A closely followed survey of senior executives showed that a slump stemming from the tariffs continued in June for the fourth month in a row, the Institute for Supply Management said. The ISM manufacturing index totaled 49.0% in June, little changed from a 48.5% reading in the prior month. Any number below 50% signals contraction. "Business has notably ... (full story)