They said tariffs would destroy jobs. That hasn’t happened.
They said tariffs would destroy jobs. That hasn’t happened.
President Donald Trump’s tariffs on imported steel and aluminum are not costing American jobs as free traders had claimed they would, a new report by Bloomberg Businessweek admits.
Rapper Kanye West proclaimed the value of American ideas and denounced outsourcing a great volume of manufacturing to China as he spoke to reporters and President Donald Trump in the Oval Office on Thursday.
Steel and aluminum using businesses keep adding jobs, defying predictions that tariffs would result in job losses.
The manufacturing boom has added 278,000 jobs over the last twelve months.
PARIS (AP) — The European Parliament wants to cut CO2 emissions from new cars and vans by 40 percent by 2030 and will try to convince the European Union’s 28 nations to back the idea despite objections from the powerful car industry.
Boeing, the second biggest beneficiary of United States Defense Department government contracts, is outsourcing manufacturing and about 3,000 jobs to India.
The Richmond Fed’s manufacturing survey shows surprising strength in September.
Rising uncertainty and escalating tariffs did not stop Texas businesses from continuing to expand in September. Many Texas businesses are feeling the impact of tariffs, according to the Federal Reserve Bank of Dallas’ “Texas Business Outlook Survey” released Monday. Manufacturers
The automobile industry is largely hiring more human employees than it did in 2013, despite advances in robotic manufacturing, according to a report.
Critics said tariffs would be a tax on U.S. consumers. The recent data on producer prices, however, show higher costs are not getting passed on to American consumers.
Tariffs were predicted to be a drag on productivity. Instead, U.S. worker productivity saw the biggest quarterly increase in three years after the Trump administration implemented steel and aluminum tariffs.
Factory activity expands the most in over a decade, defying predictions of a trade war led decline.
The majority of blue collar American workers say they are better off today with the economy under the direction of President Trump than they were during the Obama years, a new poll reveals.
The collapse of American manufacturing thanks to decades of international free trade agreements acted as the catalyst for the general economic decline of the U.S. white working class and black Americans, a new study reveals.
Manufacturers say they are worried about tariffs and the tight labor market. But consumers are not feeling the bite of rising costs.
LONDON (AP) — U.S.-based defense contractor Raytheon says it remains committed to its operations in Britain, even as other manufacturers warn that they may curtail investment because of delays in negotiations over the country’s departure from the European Union.
The plurality of Americans say the United States has benefited less than foreign countries in multinational free trade deals, a new poll reveals. In the latest Morning Consult Poll, 32 percent of American adults said the U.S. has benefitted less than
The announcement comes days after Elon Musk inserted himself into the Thailand cave rescue effort, touting a mini submarine that went unused.
Zach Mottl, the owner of American manufacturing company Atlas Tool Works in Lyons, Illinois, is thanking President Trump for his recent tariffs on imported steel and aluminum. In an interview with Fox Business, Mottl praised Trump’s tariffs on foreign countries and their imported
Experts said American industries that use imported metals were going to suffer under tariffs. Instead, they added 27,000 new jobs in recent months and wages for workers are rising.
Workers in two American industries that many economists had consigned to the dustbin of history saw some of the biggest gains in wages, bonuses, and benefits in the start of 2018.
American manufacturing sentiment has reached a 20-year high, according to a new survey released by the National Association of Manufacturers (NAM).
People were declaring it “game over” for the northern Minnesota region two years ago. Now the mines, factories, and business of the Iron Range are booming again.
President Donald Trump has time and time again delivered for American workers. Just this month, it was announced that the U.S. unemployment rate has fallen to 3.8 percent, an 18-year low.
Populist conservative author and columnist Pat Buchanan says the “monster of China” that President Donald Trump is currently working to get under control is “the baby of the Republican Party free traders.”
The vast majority of Americans say it is more important for the United States to have a strong manufacturing base than to have an exorbitant amount of cheap, foreign products.
President Donald Trump’s strategic pivot toward tariffs marks the ascent of National Trade Council Director and former University of California Irvine professor Peter Navarro, who has warned Americans for a decade against committing “Death by China.”
Over the last 12 months, manufacturers have added 224,000 jobs. That’s the biggest annual gain since 1998.
Britain’s post-referendum economy is continuing to perform strongly, with manufacturing set to outperform the rest of the economy.
The trade globalist wing of the White House has failed in its efforts to stop President Trump from following through on his promise to protect American industries and jobs by imposing tariffs on imported foreign products.
American manufacturing expanded at the fastest rate since May 2004, according to the Institute for Supply Management (ISM).
The avid free trade-wing of President Trump’s administration is trying to convince him to weaken his economic nationalist agenda, which is expected to include harsh tariffs on potentially hundreds of imported Chinese goods.
Emerson Electric CEO David Farr says that in the age of President Trump’s economic nationalism, he expects American wages to continue rising “for the next couple of years” as the labor market tightens under strict immigration enforcement.
Commerce Secretary Wilbur Ross is urging President Trump to impose tough tariffs on aluminum and steel imports to protect American industries and increase domestic production.