Exploring Tariffs and Other Factors that May Affect Your Finances in 2025 Series
Beyond Tariffs: 3 Hidden Forces Reshaping the US Economy
Why Manufacturing Woes, EV Slowdowns & Mineral Shortages Matter
The U.S. economy faces converging challenges that could impact your wallet:
1. Manufacturing Decline Accelerates
Factory activity has contracted for 16 of the last 18 months (ISM data)
Key casualties: Auto parts, electronics, and machinery production
Silver lining: Reshoring efforts creating 100K+ new jobs annually
2. EV Sales Hit Speed Bumps
Major automakers scaling back EV investments (Ford delayed $12B in spending)
Causes: High prices, charging anxiety, and subsidy confusion
Pro tip: Leasing EVs often qualifies for full $7,500 tax credit vs. buying
3. Critical Mineral Shortages Loom
The U.S. imports 100% of 17 key minerals (lithium, rare earths)
Green energy transition at risk without stable supplies
Solution: Recycling programs gaining traction (check local incentives)
Financial Safeguards
Offset economic uncertainty by:
Parking savings in high-yield accounts (Marcus bonus offer)
Earning 3.80% APY with SoFi (+$25 bonus)
Growing wealth with Ally's referral program (Start here)
Continue the conversation:
Read more on economic trends: LinkedIn Articles | Blogger | Medium
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