Trump's tariffs to cause job losses in 2026

President Trump's tariffs are expected to cause further job losses in 2026 as companies adjust to the uncertain business environment. The Institute for Supply Management reported a continued contraction in manufacturing, with businesses citing tariffs as a reason for staff reductions and offshore production. ADP data revealed private employers shed 32,000 jobs in November, with smaller firms disproportionately affected by tariffs and consumer spending shifts.