News@lemmy.worldEnglish · 11 hours ago

Donald Trump is going to destroy American manufacturing

prospect.org

263

Donald Trump is going to destroy American manufacturing

prospect.org

MicroWave@lemmy.world to

News@lemmy.worldEnglish · 11 hours ago

Donald Trump Is Going to Destroy American Manufacturing

prospect.org

Bidenomics created a manufacturing boom. Trump is tearing that up by the roots.

Summary

Trump’s erratic tariff policies threaten American manufacturing’s recent renaissance.

Under Biden, manufacturing investment increased 220% from 2021-2024 through programs like the Inflation Reduction Act and CHIPS Act, creating 750,000 manufacturing jobs.

Trump has illegally frozen IRA spending despite court orders and called the CHIPS Act “horrible,” advocating for its repeal.

Princeton professor Jesse Jenkins estimates Trump’s actions could lead to massive cancellations in EV and battery production.

Unlike Biden’s targeted tariffs paired with domestic investments, Trump imposes duties randomly without clear goals, creating economic uncertainty that discourages investment while risking recession.

Chat

nectar45
link
fedilink
arrow-up
5·
9 hours ago
At this point guy may end up destroying all of capitalism in america instead

News@lemmy.world

news@lemmy.world

Create a post

You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: [email protected]

Welcome to the News community!

Rules:

1. Be civil

Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.

2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.

Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.

3. No bots, spam or self-promotion.

Only approved bots, which follow the guidelines for bots set by the instance, are allowed.

4. Post titles should be the same as the article used as source.

Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.

5. Only recent news is allowed.

Posts must be news from the most recent 30 days.

6. All posts must be news articles.

No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.

7. No duplicate posts.

If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.

8. Misinformation is prohibited.

Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.

9. No link shorteners.

The auto mod will contact you if a link shortener is detected, please delete your post if they are right.

10. Don't copy entire article in your post body

For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

Visibility: Public

This community can be federated to other instances and be posted/commented in by their users.

6.78K users / day
11.1K users / week
17.1K users / month
30.7K users / 6 months
248 local subscribers
27.2K subscribers
25.3K Posts
629K Comments
Modlog