The Decline of U.S. Manufacturing Jobs and the Effect of Trump's Policies
Monday, 15 April 2024, 19:30
Trump's Empty Promises on Jobs
The policies of the Trump administration played an important role in this decline of U.S. manufacturing capacity and employment.
Job Creation and Loss
- During Trump’s presidency, the U.S. lost 2.7 million jobs, a stark contrast to previous presidents.
- Trump's $1 trillion infrastructure plan never materialized, leading to stagnant federal investments.
In fact, Trump's tax cuts favored corporations over job creation, resulting in factory closures and outsourcing of jobs.
Impact on Manufacturing
- Net loss of 154,000 manufacturing jobs during Trump's presidency.
- Trump administration's tariff wars and tax policies contributed to U.S. trade deficits and outsourcing.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.