|This is a mind-blowing graphic illustrating how tariffs from China are affecting US Trailer and RV factories:|
We may be seeing a situation where transports are suggesting lower unit volume of manufactured goods, but the value of those goods are stable or slightly higher due to the higher duty levels causing higher final goods output prices.
Example 1,000 units at $80= $80,000
Now 800 units at $100 = $80,000
In the end, consumers get less stuff for the same money, meaning a lower standard of living.