Reply to Media (e.g. CBS) assumes tariffs will be good in the long term

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[quote=Anonymous]Well, other analysts are saying the opposite.

[quote]For example, Trump’s first-term tariffs reduced total manufacturing employment by a net 2.7%, Aaron Flaaen and Justin Pierce, economists at the Federal Reserve Board, wrote in 2024. That’s after accounting for a 0.4% boost to employment in manufacturing jobs protected by tariffs, they found.

The 2018-19 trade war “failed to revive domestic manufacturing” and actually reduced jobs in the broad manufacturing sector, Strain wrote.

The share of U.S. employment coming from manufacturing jobs has been falling since the end of World War II, largely because technological advances have increased workers’ productivity, Strain said. It would be more helpful to direct economic policy toward connecting workers to jobs of the future, he said.[/quote]

https://www.cnbc.com/2025/03/10/do-tariffs-protect-us-jobs-and-industry-economists-say-no.html

Even people in Trump's admin have stated that bringing in manufacturing won't result in a lot of manufacturing jobs because of automation.

[quote] Brennan added: “You said that robots are going to fill those jobs. So those aren't union worker jobs.”

“It’s automated factories,” Lutnick conceded, while promising that American workers would build and “operate” the factories brought to US shores in the coming months and years.[/quote]

https://www.independent.co.uk/news/world/americas/us-politics/howard-lutnick-trump-tariffs-factories-b2728463.html
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