PWC News
Friday, February 20, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Trump’s policy already cost 100,000 manufacturing jobs — and experts say worse to come

Home Economy
Share on FacebookShare on Twitter



President Donald Trump’s international insurance policies are costing People their jobs at residence and their safety abroad, based on a latest professional evaluation.

Though in the beginning of his second time period Trump levied the very best tariffs America has seen for the reason that Nineteen Thirties, they’ve harmed the economic system as a substitute of serving to it, reported the liberal-leaning suppose tank Heart for American Progress.

“Removed from the manufacturing sector ‘roaring again’ as Trump promised, the US has misplaced greater than 100,000 manufacturing jobs over the previous yr,” wrote Allison McManus and Daybreak Le. “These actions have pushed the nation’s closest buying and selling companions to hunt offers elsewhere, together with with China: Canada, India, Japan, South Korea, and the European Union have all just lately sought new agreements with out the US.”

Briefly, not solely have Trump’s tariffs price 1000’s of People their jobs within the fast time period, they’re restructuring the worldwide economic system to America’s long-term drawback.

“Over time, every of those offers will end in markets that had been as soon as loved by U.S. suppliers more and more oriented away from them — and the foundations of worldwide engagement more and more written by international governments,” McManus and Le added.

The Heart for American Progress shouldn’t be alone in calling out Trump’s tariffs. Writing for the conservative-leaning publication The Bulwark, Mona Charen noticed that they’re prone to harm Trump within the upcoming midterm elections.

“Voters are not often capable of join coverage to outcomes, however they’ve achieved so within the case of tariffs,” Charen wrote. “Again in 2024, People had been about equally divided on the query of commerce, with some favoring greater tariffs and roughly related numbers choosing decrease tariffs. Expertise has modified their views.”

As a result of Trump’s tariffs are more and more unpopular, six of Trump’s fellow Republicans broke from their Home colleagues and supported a Democratic measure to repeal his anti-Canada tariffs. The six legislators included Reps. Don Bacon of Nebraska, Brian Fitzpatrick of Pennsylvania, Dan Newhouse of Washington, Kevin Kiley of California, Thomas Massie of Kentucky and Jeff Hurd of Colorado.

“I’ve heard clearly from small and enormous producers in addition to agricultural producers that these tariffs are hurting them,” Hurd advised CNN’s Manu Raju on the time.

“Listed here are three cheers for the six Home Republicans who voted with almost all Democrats to repeal President Trump’s tariffs in opposition to Canada,” Merrill Matthews from the Texas state chair of Our Republican Legacy wrote for The Hill in regards to the tariff opposition. “They bucked their get together and their management, and particularly Trump, to do the precise factor.”

He added, “The disgrace isn’t that the six voted with Democrats, however that no different Republicans joined them.”

The Heart for American Progress report didn’t solely talk about Trump’s tariffs. McManus and Le additionally deconstructed the affect of Trump’s huge layoffs in international coverage, lots of which had been spearheaded by the world’s richest man, Tesla CEO Elon Musk.

“Throughout the federal government, the Trump administration has eliminated, sidelined, or changed impartial civil servants, profession diplomats, and seasoned nationwide safety professionals with people chosen primarily for political loyalty,” the Heart for American Progress wrote. “Cuts, purges, and resignations throughout the State Division, U.S. Company for Worldwide Growth, and intelligence and protection companies have hollowed out important capabilities.” After including that greater than 300,000 federal workers have both been fired or left the federal government underneath Trump up to now yr, the authors noticed that of their place “the Trump administration has politicized the chain of command by means of its firings and interventions in promotions. And these traits will seemingly proceed. Already, the Workplace of Personnel Administration issued a February 2026 coverage that strips federal workers of labor protections.”

When this occurs, there are nationwide safety penalties.

“They’ve additionally risked the political independence of U.S nationwide safety establishments that ought to make operational selections based mostly on the general public curiosity, not out of concern of retribution from the president,” the Heart for American Progress wrote. “Overseas adversaries are absolutely paying shut consideration when seasoned diplomats are changed by loyalists with little expertise, when professional evaluation is ignored, and when politicization reaches intelligence assessments and army appointments.”

As with their tariff evaluation, the Heart for American Progress’ international coverage personnel evaluation has been echoed by non-liberal professional sources.

“As soon as misplaced, the legitimacy of a army that displays and represents all People shall be tough to recuperate,” Gen. Stanley McChrystal (Ret.) just lately mentioned to The New York Instances. Equally, referring to Trump’s Struggle Secretary Pete Hegseth politicizing a latest international coverage report, retired Lt. Gen. Mark Hertling wrote for The Bulwark in January that “the very first sentence of Secretary Pete Hegseth’s cowl memo…. is retrospective and retributive, moderately than potential and mission-oriented.”

He concluded, “Technique paperwork…. aren’t automobiles for settling political scores; they’re meant to talk to an expert drive tasked with executing nationwide targets underneath excessive threat.”



Source link

Tags: CostExpertsJobsmanufacturingpolicyTrumpsWorse
Previous Post

Matthew Holmes: Canada–Mexico plus U.S. businesses make for a winning formula

Next Post

Amazon dethrones Walmart as the world’s biggest company by sales

Related Posts

Civilisation on the wall: Why graffiti, the epitaph of our times, needs to be preserved
Economy

Civilisation on the wall: Why graffiti, the epitaph of our times, needs to be preserved

February 20, 2026
Businesses axes more jobs amid Reeves’ tax and wage pressures
Economy

Businesses axes more jobs amid Reeves’ tax and wage pressures

February 20, 2026
Amazon dethrones Walmart as the world’s biggest company by sales
Economy

Amazon dethrones Walmart as the world’s biggest company by sales

February 19, 2026
Matthew Holmes: Canada–Mexico plus U.S. businesses make for a winning formula
Economy

Matthew Holmes: Canada–Mexico plus U.S. businesses make for a winning formula

February 20, 2026
Sri Lanka CB has no plans to impose LTV ratios on gold loans | EconomyNext
Economy

Sri Lanka CB has no plans to impose LTV ratios on gold loans | EconomyNext

February 19, 2026
Mamata criticises Modi for using ‘Swami’ prefix in message on Sri Ramakrishna’s birth anniversary
Economy

Mamata criticises Modi for using ‘Swami’ prefix in message on Sri Ramakrishna’s birth anniversary

February 19, 2026
Next Post
Amazon dethrones Walmart as the world’s biggest company by sales

Amazon dethrones Walmart as the world's biggest company by sales

Monthly Dividend Stock In Focus: Plaza Retail REIT – Sure Dividend

Monthly Dividend Stock In Focus: Plaza Retail REIT - Sure Dividend

Chart of the Week: Are We Back in 1997?

Chart of the Week: Are We Back in 1997?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Jane Street and Abu Dhabi Wealth Fund Mubadala Increase Holdings In BlackRock’s Bitcoin ETF
Cryptocurrency

Jane Street and Abu Dhabi Wealth Fund Mubadala Increase Holdings In BlackRock’s Bitcoin ETF

by PWC
February 18, 2026
0

Within the This autumn 2025 disclosure, Jane Road and Mubadala Funding Firm elevated their holdings within the BlackRock iShares Bitcoin...

How much does a vet visit cost?

How much does a vet visit cost?

February 18, 2026
Despite a 0 million net worth and Hollywood career, Reese Witherspoon tells young people to stop chasing their dreams—and do this instead | Fortune

Despite a $400 million net worth and Hollywood career, Reese Witherspoon tells young people to stop chasing their dreams—and do this instead | Fortune

February 19, 2026
Berkshire Hathaway trims Apple stake, buys NYTimes stock in Buffett’s last moves as CEO

Berkshire Hathaway trims Apple stake, buys NYTimes stock in Buffett’s last moves as CEO

February 20, 2026
1 Stock to Buy, 1 Stock to Sell This Week: Analog Devices, Walmart | Investing.com

1 Stock to Buy, 1 Stock to Sell This Week: Analog Devices, Walmart | Investing.com

February 16, 2026
US Dollar Index Poised at a Pivotal Juncture Before FOMC Minutes | Investing.com

US Dollar Index Poised at a Pivotal Juncture Before FOMC Minutes | Investing.com

February 16, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.