US EditionTrump faces obstacles, steeper costs with manufacturing jobs push
- A survey found that New York manufacturers are highly pessimistic, with firms expecting a decline in international orders and potential layoffs, according to the Federal Reserve Bank of New York.
- Many U.S. Business owners find manufacturing in the U.S. Too costly, leading them to explore low-tariff countries instead, as reported by Wired.
- Job cuts have started after Donald Trump's tariff announcement, with Stellantis temporarily laying off hundreds of employees, according to The Washington Post.
- While many manufacturing workers anticipate tariffs will harm them, a poll indicated that about 40% support the tariffs, highlighting mixed reactions to Donald Trump's trade strategy, reported by The Washington Post.
28 Articles
28 Articles
Abbott Laboratories to invest $500M in manufacturing, add 200 jobs in Illinois
Abbott Laboratories is doubling down on local investment, as President Donald Trump’s shifting tariff policy continues to cause hand-wringing over the global economy.The company, whose offerings span from medical devices to pharmaceuticals, said during its first quarter earnings call Wednesday that it plans to invest $500 million in manufacturing and research and development in Illinois and Dallas. The Illinois expansion will happen at the compa…
Will Trump tariff plan actually boost U.S. manufacturing?
President Trump's sweeping tariff policy is intended to bolster production in the U.S., giving a boost to American manufacturing. However, some critics say this likely won't happen, especially for tech manufacturing. Jay Timmons, president and CEO of the National Association of Manufacturers, joins "CBS Morning News" breaks it down.
Pasadena Star News
California manufacturing jobs, No. 1 in US, face trade war unknowns
America’s long-languishing factory jobs are a focal point of the Trump administration’s global tariff battles. The White House argument supporting higher taxes on various imports is that unfair trade policies have, among other things, crushed American manufacturing. Cheap foreign goods made it hard for U.S. factories to compete, this logic argues. Tariffs would swiftly increase the prices of foreign-made products, giving domestic production an a…
Americans can't provide labor for domestic manufacturing
President Donald Trump and his supporters have made the false assumption that consumers will switch over to American-made goods once they stop buying foreign goods made prohibitively expensive by tariffs.
They would need five to six new foundries and could feed them to meet the demand, according to his boss.
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