President Trump looks to bring manufacturing back to US with tariffs

Published On Feb 18, 2025, 6:19 PM

President Trump has introduced tariffs aimed at boosting U.S. manufacturing, specifically reinstating a 25% tariff on steel imports and raising the aluminum tariff to the same level. The administration argues that these measures will revitalize domestic steel and aluminum industries and encourage manufacturing jobs in the U.S. There are concerns from businesses that increased costs for imported materials may negatively affect pricing for consumers. The manufacturing workforce in the U.S. has significantly declined from previous decades, emphasizing the need for these changes.