In the 1950s, around 35% of private-sector jobs in the U.S. were in manufacturing. Today, there are 12.8 million manufacturing jobs in the U.S., an amount equal to 9.4% of those private-sector jobs.
President Trump says his sweeping tariff regime is aimed at bringing manufacturing back to the U.S. Economists are skeptical that tariffs could make that a reality, and worry that the damage they create will outweigh any benefits.
To understand whether restoring manufacturing to the U.S. is possible, it helps to first understand how the U.S. lost its place as the world’s manufacturing powerhouse.
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