Trump's Approval Rating Is Cratering. Tariffs Are a Big Reason Why.
They cost each American household roughly $1,000 in 2025, with more coming in 2026.
Manufacturing
Have Trump's Tariffs Brought Manufacturing Jobs Back to America? New Study Says No.
However, the tariffs did shift supply chains away from China and towards other countries with low-cost manufacturing, like Vietnam, Malaysia, and India.
On 'Liberation Day,' Trump Promised a Manufacturing Boom. The Data Tell a Different Story.
More than 89,000 manufacturing workers lost their jobs in the past year as tariffs caused input prices to rise and squeezed blue-collar industries.
The 4 Economic Myths Powering Trump's New Tariff Push
American businesses and consumers absorbed nearly 90 percent of the 2025 tariffs' economic burden, the Federal Reserve Bank of New York found.
Bessent Says Construction Jobs Are Booming Under Trump's Tariffs. Government Data Show the Opposite.
Meanwhile, Trump is touting low gas prices, which are due in part to the lack of tariffs on oil and gasoline.
Trump Said His Tariffs Would Reduce the Trade Deficit and Bring Back Manufacturing. Here's What the Data Show.
These metrics are bad proxies for prosperity, but they reveal just how flawed the president's arguments have been.
The Federal Government Has Shed 271,000 Jobs This Year. That's Great.
It's also not the whole story. Federal spending isn't falling and the private sector job market is stagnant.
There Is No Such Thing as Good Industrial Policy. But Republicans And Democrats Keep Trying.
Real industrial policy has been tried—in many countries, by governments of every ideology. It fails every time for the same reason.
