Auto plants and steel mills are shutting down. Companies are announcing layoffs and furloughs. Factory output is in the red.
The year-end outlook is grim, whipping up fears that as the global economy slows, Trump’s trade wars with China and Europe — with tariffs on hundreds of billions of dollars of goods — could push the world’s largest economy over the edge and into recession.
Most worrisome for the president, as he prepares to fight for a second term next year, the picture is darkest in regions of the country that gave him his paper-thin margin of victory in 2016, despite losing the popular vote nationwide.