Tariff uncertainty threatens $490B in US manufacturing investment, report warns

Report warns Trump tariffs may stymie this key US industry for 'years to come'

President Donald Trump's tariff whiplash has already harmed domestic manufacturing and could continue to do so through at least the end of this decade to the tune of nearly half a trillion dollars, a report published Monday by congressional Democrats on a key economic committee warned.The Joint Economic Committee (JEC)-Minority said that recent data belied Trump's claim that his global trade war would boost domestic manufacturing, pointing to th…

Manufacturing Investment Scare: Democrats Attack Trump Tariffs

A new Democrat report warns that manufacturing investment in the United States could fall by nearly $490 billion by 2029 due to President Donald Trump’s trade policies. The Joint Economic Committee Minority claimed that tariff-related uncertainty could cause businesses to delay building factories, buying advanced equipment, or funding research and development. The report projects that reduced investment could weaken supply chains, cut factory jo…

House Report Warns Trump Tariffs Could Stymie US Manufacturing for 'Years to Come'

Democrats on the Joint Economic Committee said that "continued uncertainty" caused by the president's policies could reduce manufacturing investments by nearly half a trillion dollars by the end of this decade.

Tariff uncertainty threatens $490B in US manufacturing investment, report warns

The report compares U.S. tariff uncertainty to the U.K.’s experience after the 2016 Brexit referendum, where prolonged trade policy ambiguity caused the U.K.’s GDP to tick 4-8% lower.