Trump sees 'manufacturing boom' in first full jobs report of second term
Published On Mar 7, 2025, 2:21 PM
In his first full jobs report of his second term, President Trump announced a 'manufacturing boom' in the U.S. He highlighted that 151,000 jobs were added in February, including 10,000 in manufacturing, which exceeded economists' expectations. Trump criticized the previous administration for a loss of over 110,000 manufacturing jobs and claimed his policies have reversed this trend by increasing domestic manufacturing activity significantly. Additionally, he mentioned plans to implement new tariffs to counteract Canadian tariffs on U.S. goods if necessary.
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The report suggests a rebound in U.S. manufacturing, which may positively influence investors seeking exposure to sectors related to industrial production. Trump's emphasis on tariffs could lead to increased domestic production, benefiting sectors such as steel and automotive.
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