Sweeping tariffs could threaten the US manufacturing rebound
1 min read
Summary
Despite renewed growth in recent months, American manufacturing faces an uncertain future thanks to President Trump’s tariffs.
The rush to impose sweeping tariffs on a range of imports, by an administration believing it could lead to a jobs boom, could stall the revival in US manufacturing prompted by Biden administration bills such as the CHIPS and Science Act and the climate bill.
The tariffs could also impact on the production of batteries, solar cells and other products as investors look to protect their portfolios.
The US has poured investment into developing new technologies and production techniques, but any slowdown in that momentum, as well as potential disruption to supply chains, could affect the development of new technologies.
That could hinder the US’s economic and technological advances and leave the nation unable to develop new technologies.