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Economy

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Eugene

(65,961 posts)
Sat May 10, 2025, 12:07 PM May 10

Manufacturers Say Trump Has Made Opening U.S. Factories Impossible [View all]

Source: The New Republic

Manufacturers Say Trump Has Made Opening U.S. Factories Impossible

Ellie Quinlan Houghtaling
Fri, May 9, 2025 at 12:03 PM AST 2 min read

The Trump administration’s tariff scheme appears less and less likely to bring manufacturing jobs back to U.S. shores.

Businesses across the country are crunching the numbers and realizing that, despite Donald Trump’s insistence, they can’t balance out his tariff hikes across the supply chain.

“Some manufacturers who had plans to open factories in the country say the new duties are only adding to the significant obstacles they already faced,” Bloomberg reported Friday.

That’s because the supply chain to produce those goods in the United States simply isn’t there, requiring companies to import raw materials and factory equipment—which Trump’s tariffs have made unaffordable—from abroad.

And Trump’s unpredictable approach ...

-snip-

Read more: https://finance.yahoo.com/news/manufacturers-trump-made-opening-u-160343062.html

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