Source: Beat the Press
by Dean Baker
“Donald Trump promised that he would lower prices on day one of his new term in office. He also promised to end the war in Ukraine on his first day. Neither of those quite panned out. But it looks like he might accomplish something not on his list, he quickly ended the manufacturing boom he inherited from President Biden. You may not know of this boom because it didn’t get much attention during the campaign. This was partly because it was in construction not employment. Biden’s record on employment in manufacturing was pretty good given the reality of the pandemic, but it did not surge. His recovery package quickly brought back the 600,000 manufacturing jobs lost in the pandemic. We had gotten back those jobs by the spring of 2022.” (04/19/25)
https://cepr.net/publications/trump-derails-manufacturing-boom/