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.
There is such a thing as the media. I started banging my pan because I heard my neighbours doing it and looked it up. Then again, people here don’t usually have guns. The idea is that it goes on for a long time and winds up being reasonably widespread. Also it’s an expression of solidarity.