#manufacturing-jobs

#manufacturing-jobs

Those companies came and it gave us a completely different type of industry and manufacturing for our community, suggesting the transformative potential of these investments.

"What I see two years out is low-cost will once again drive demand in this market," says McDaniel, general manager of Bila Solar. He adds, "That's going to be a hard road for some of us who have [higher costs] than panels made over in China or Southeast Asia."

We should not let the follies of Trump's tariffs overshadow the follies of the gung-ho globalization that preceded them. So said the award-winning economist James K. Boyce in a recent interview. In 2022, the most recent year that data is available, the US trade deficit totaled $971 billion or 3.77 percent of the GDP. The last US trade surplus was in 1975.

The Trump administration's nostalgic desire to revive factory jobs reflects a fundamental misunderstanding of modern economic realities and the impossibility of returning to a golden past.

We support use of some tariffs on automotive manufacturing and similar industries. We do not support tariffs for political games about immigration or fentanyl.

"It's hard to imagine American workers wanting to sit at a sewing machine and repetitively sew for $7.50, $8 an hour, and even that's going to drive up Nike's production costs such that a pair of Nikes will go through the roof," said Betsey Stevenson, a professor of public policy and economics at the University of Michigan.

We have excess capacity at manufacturing plants, Fain said, using near identical framing as the White House. They could bring work back in very short order.

"When the dollar is strong, US imports rise because foreign goods become cheap relative to domestically produced goods. At the same time, US exports fall as they become more expensive."

Tim Walz criticized Donald Trump’s economic policies, stating they have resulted in significant job losses for blue-collar workers and harm to Michigan's manufacturing sector.