Roy, Satyaki
Will Trump tariffs bring back manufacturing jobs in the US?
- Economic & Political Weekly
- 60(28), Jul 12, 2025: p.42-47
Deindustrialisation of the United States cannot be attributed to cheap imports alone; rather it is a result of financialisation that brought huge gains to US corporates and asset holders and facilitated the relocation of manufacturing to regions endowed with cheap labour and natural resources. The current crisis of jobs for those educated till high-school levels is a result of automation that makes many routine jobs, both in manufacturing and services, obsolete. Hence, tariffs may incentivise manufacturing value added but would hardly add jobs in advanced countries. – Reproduced
https://www.epw.in/journal/2025/28/perspectives/will-trump-tariffs-bring-back-manufacturing-jobs.html