Bank of America says tariffs might spark a ‘reshoring’ boom—but experts say it might be a double-edged sword for the economy

Donald Trump points his index finger at cheering workers dressed in bright green construction vests with orange and grey stripes. (Credit: Jeff Swensen—Getty Images)

• Evidence of a U.S. manufacturing slowdown is mounting, according to the Bank of America Institute. Tariffs could help reduce that slowdown and bring more advanced production back stateside, but improving productivity might happen without increasing employment.

President Donald Trump has been adamant his tariffs will bring factory jobs back to American shores. Higher import taxes will likely push manufacturers to move operations back to the U.S., according to Bank of America economists, but so-called reshoring might incentivize firms to put more robots than humans on the assembly line.