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Trump presided over a gain of 414,000 US manufacturing jobs, not a loss of “at least 200,000,” before the Covid-19 pandemic hit. And the loss for his entire presidency, start to finish, was ...
But 2,000 jobs is an almost immeasurably small number in an economy that employs 159 million people overall and 12.9 million manufacturing workers. A tariffs-for-jobs scheme is not scalable ...
The AFL–CIO, the largest labor union in the U.S., praised Trump for the tariffs, as did Democratic Ohio Senator Sherrod Brown, who said the action would be a boon for "steel plants across Ohio". Many congressional Republicans expressed fear that the tariffs might damage the economy or lead to retaliatory tariffs from other countries.
Democratic presidential nominee Joe Biden is visiting swing-state manufacturing regions to bash President Trump’s record on factory jobs. “President Trump has broken just about every promise ...
As a candidate in 2016, Trump promised to create 25 million new jobs over the next decade. [210] However, Trump left office with 3 million fewer jobs in the U.S. than when he took office, making Trump the only U.S. president to leave office with a smaller workforce (since employment statistics began to be kept in 1939). [11]
According to economic experts canvassed by PolitiFact, the tariffs could help create new manufacturing jobs and lead to some concessions from the U.S.'s foreign trading partners, but consumer costs and production costs would almost certainly rise, the stock market would fall, interest rates could rise, and trade wars could occur. [61]
Donald Trump loved to use tariffs on foreign goods during his first presidency. “There's going to be a lot more tariffs, I mean, he's pretty clear,” said Michael Stumo, the CEO of Coalition ...
But Trump does not even have the record for manufacturing jobs lost among presidents who served one term (like George H.W. Bush) or a partial term (Ford served about 2½ years after he took over ...