- Despite President Donald Trump continuing to tout tariffs as a way to increase U.S. manufacturing, a Wells Fargo report from this week argues meaningfully increasing manufacturing employment will be an “uphill battle.” Tariffs have pushed companies to absorb costs or pass them down to consumers, which is not conducive to ramping up domestic workforce expansion.
As President Donald Trump continues to push tariffs as a strategy to bolster U.S. manufacturing, economists aren’t convinced his steep levies will have their intended economic effect.
