Economists Say Trump’s Tariffs Won’t Revive US Manufacturing

President Trump has implemented tariffs as a means of boosting domestic manufacturing, but economists are skeptical about the effectiveness of this strategy. Despite claims by businesses that international orders have declined due to these actions, leading to budget cuts and layoffs, they argue that economic growth requires more than just factories. Analysis reveals that the US cannot instantly reindustrialize its economy. The president’s argument relies on reviving manufacturing to create a stronger America, but economist Ha Joon Chang emphasizes that such a transformation will take decades. While some economists believe that shifting industries is achievable through policy and investment in infrastructure like education and technology infrastructure, others argue that the US needs more than just factories.