American manufacturers have seen a significant decline in imports, with the manufacturing index falling to its lowest level since 2007, despite President Trump’s recent relaxation of tariffs. The Institute for Supply Management reported a six-month low of 48.5% in May, indicating contraction. This marks the biggest decline in imports in 16 years.
Source: https://www.marketwatch.com/story/u-s-manufacturers-get-little-relief-from-relaxed-trump-tariffs-what-happens-in-90-days-cdbf6fbf