Fortune (April 14)
“The White House promised a manufacturing renaissance. Instead, the factory floor keeps shrinking…. During Trump’s first year back in the White House, the manufacturing sector alone shed 108,000 jobs—even as the administration touted a coming ‘manufacturing boom.’” The trajectory has not improved. As of this March, there have been about 150,000 net job losses per year in the manufacturing and construction sectors.
Tags: 150k, Construction, Factory floor, Job losses, Manufacturing, Manufacturing boom, Renaissance, Shrinking, Trump, White House
Wall Street Journal (December 9)
President Trump promised “a manufacturing boom. He got one—in China.” Cementing its ”status as the world’s indispensable factory floor…. Chinese industrial production broke records this year as its factories churned out more cars, machinery and chemicals than ever before. Despite the disruptions of tariffs, the country’s trade surplus in goods has set a record, as growing shipments to Asia, Europe, Latin America and Africa offset the hit from Trump’s levies on direct sales to the U.S.”
Tags: Africa, Asia, Cars, Chemicals, China, Europe, Factories, Indispensable, Industrial production, Latin America, Machinery, Manufacturing boom, Shipments, Status, Tariffs, Trade surplus, Trump, U.S.
