Tariffs Aren’t Enough to Bring Back the Glory Days of U.S. Manufacturing

Tariffs Aren’t Enough to Bring Back the Glory Days of U.S. Manufacturing

Job security and economic benefits came about because of unions.

Domestic Manufacturing Isn't the Key to Good Paying Jobs

President Donald Trump dreams of using tariffs on foreign goods to produce a golden age of U.S. industry. Yet, this vision is based upon a misunderstanding of the causes and consequences of American industrial decline. As the story so often goes, in the late-19th century, America became a prosperous, industrial superpower founded on stable, factory jobs. But, in the latter half of the 20th century, a shadowy cabal of high-flying financiers and e…

Trying to “Bring Back” Manufacturing Jobs Is a Fool’s Errand

Trying to “bring back” manufacturing jobs, through harmful tariffs or other industrial policies, is destined to end badly for Americans. It makes about as much sense as trying to “bring back” all those farm jobs we had before the 1870s.

Trump’s Tariffs Won’t Bring Back Manufacturing Jobs | by Michael R. Strain - Project Syndicate

Despite his commerce secretary's rose-tinted talk about millions of Americans “screwing in little screws to make iPhones,” US President Donald Trump’s import tariffs will not revive US manufacturing employment. They will do the opposite, while also raising consumer prices, slowing economic growth, and increasing unemployment.

Trump's tariffs projected to increase unemployment, but escape mass layoffs: Allianz

President Donald Trump's tariffs are expected to cause the unemployment rate to rise over the course of this year, though mass layoffs aren't expected, according to a new analysis.Allianz economists, in a report published Thursday, said the labor market in the U.S. has remained steady "despite mounting economic headwinds" and noted indicators that show that resilience should continue through the first half of this year."The job vacancy rate will…

At the beginning of the 21st century, marked by the digital revolution and the arrival of artificial intelligence, the all-out commercial war launched by US President Donald Trump with detracting tariffs pushes us to reflect on the future of employment and production, as well as on the sense of trade and the notion of industrial sovereignty. According to one of the reasons put forward by the White House to justify its new aggressively protection…