Trump tariffs already having positive impact on US economy
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President Trump’s hefty new tariffs on over $1 trillion in foreign imports are already shaking things up, funneling investments and jobs back to American soil.
Countries are scrambling to dodge the reciprocal tariffs set to kick in on April 2, negotiating deals to ease their own tariffs on U.S. goods.
Meanwhile, carmakers like Rolls-Royce, Hyundai, and Honda are rerouting production to the U.S. to sidestep the 25% tariffs on imported autos and parts, which roll out next week.
At least a dozen companies are following suit, betting on American-made over tariff headaches.
Economists are nodding in agreement: Trump’s campaign pledge to bring back manufacturing jobs is taking shape. The United Auto Workers (UAW), despite backing Kamala Harris in 2024, is cheering the auto tariffs. UAW President Shawn Fain pointed to a dozen plants—think Ford, GM, and Stellantis brands like Jeep and Chrysler—that have bled production to Mexico and beyond over the years.
“The economic benefits of filling these plants back up with product and good auto jobs would be enormous and have a cascading effect throughout communities from Michigan to Tennessee,” he said.
Rewind to 2016, when Barack Obama scoffed at the idea of reviving manufacturing. “What magic wand do you have?” he quipped.
It’s not just cars. MGA Entertainment, a big U.S. toymaker, is hustling to shift production from China to dodge the 20% duty on Chinese goods.
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The tariffs are bringing jobs back to the US that will have a direct impact on especially in states in the Midwest, where auto workers are mostly located. It will also create new jobs in Texas, which also has some auto plants. I doubt that Kamala Harris would have been this aggressive in bringing jobs back to the US.
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Trump Is More Popular Than Ever, Americans Who Think We're On The Right Track "Through The Roof"
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