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Is Trump’s Manufacturing Comeback Real?

Bloomberg Television | April 28, 2026



Steve Rattner of Willett Advisors examines whether tariffs and trade policy are actually changing the trajectory of US manufacturing. He discusses the data behind industrial output, the consumer cost of keeping out Chinese EV maker BYD, and the strategic trade-offs of protecting domestic industry. As President Trump touts potential for 15% GDP growth, Rattner explains why that’s unlikely to happen — and why productivity gains from AI may matter more than tariffs.
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Comments

This post currently has 31 comments.

  1. @JohnnyBrav696

    April 28, 2026 at 8:39 am

    My mother worked as a shirt factory worker when I was born back in the sixties. She said it was a miserable underpaid living. Everyday she came home drained & worn out. Grandma said she was even beginning to neglect me. These jobs are not beautiful jobs to bring back to America. …NEXT!!!

  2. @JohnnyBrav696

    April 28, 2026 at 8:39 am

    FEWER MANUFACTURING JOBS & FEWER HIRED NEW WORKERS………STOP LYING!…..Who will work at the overpriced clothes made at the shirt factories that once existed in America? Americans hated their jobs when they were here. I hope you can pay them a decent wage with affordable health care. In other words, we can't compete with cheap Chinese labor, even with tariffs. This will drive up the price of products we can't afford. This is the wrong road to go down. Makes about as much sense as bringing the coffee growers back. (STUPID)

  3. @joebloggs6594

    April 28, 2026 at 8:39 am

    The last American car I had was a Holden (GM / Isuzu) Jackeroo. Towing a caravan the gearbox started grating in 1st, completely blew up in the driveway of the dealer. Cost ten grand to fix it, used it a bit longer and the EGR valve threw up a Check Engine light. Got that fixed too, just to pass roadworthy to sell the damn thing. Now I drive a German car (VW) and it's been utterly BULLETPROOF.

  4. @jonny-b4954

    April 28, 2026 at 8:39 am

    Simple. No. Of fucking course not. 9:42 That's because Trump isn't TRULY a business man. He's an entitled, spoiled brat who inherited money from daddy. And by all metrics, drove that company into the ground essentially. Sure, he owns some fancy buildings (likely upside down on most of them, like the golf clubs and hotel towers) but, I'm pretty sure really any random dude could have done as good, if not better, being handed $400M. Shit, just investing that money into the S&P500 would have exponentially outperformed his "business" record.

  5. @supereliptic

    April 28, 2026 at 8:39 am

    Short answer- No. Manufacturing has been going through a steady outsourcing process for the past 35 years at least.

    Tarrifs or not, nobody is going to buy a domestic version of a Chinese product if they have to pay 3-5 times the price.

  6. @johntse8655

    April 28, 2026 at 8:39 am

    what a joke, let's look at the basics. what type of manufacturing is Trump looking for? essential goods manufacturing? never going to happen, why? input cost too high, salary, materials, even higher now due to tariffs. who is going to buy essentials stuff that cost an arm and a leg? high tech manufacturing? again, salary, much cheaper labor in any other country than the US, materials, again much higher due to tariffs. worse, High-tech goods are not consumer goods and so demand in each country may not be enough to sustain the company, but if the goods are too expensive to be exported, then, why even manufacture it in an expensive place at all. notice that the most profitable American companies have most of their manufacturing outside of America. so no amount of BS will bring manufacturing home, needed fundamental changes in society to do that. blaming others will not help, worse, blaming people who still give you real goods for your worthless piece of paper is suicidal.

  7. @joergquasnowitz3495

    April 28, 2026 at 8:39 am

    Trump never went past the demolition phase of a 3-year-old in his personal development. That is all he has done his whole life. And he is using grift to fund it all. If You are dumb enough to trust him, or believe he has a plan you are delusional.

  8. @TTraveller3

    April 28, 2026 at 8:39 am

    REALITY. Manufacturing is collapsing across America. 100,000's jobs lost. TRUMP TARIFFS HAVE CREATED GLOBAL CHAOS, CONFUSION & ENDLESS ECONOMIC UNCERTAINTY! The global economy & American economy CANNOT operate on the whims, emotions & mood swings of a senile, confused ALWAYS ANGRY, tired OLD MAN! ALMOST 80 with obvious dementia & anger problems! The MYTH that Trump is a good businessman has been completely DESTROYED. The world is watching as America is collapsing morally, politically, legally, economically. So sad….

  9. @MSJI1724

    April 28, 2026 at 8:39 am

    You cannot return mfg back instantly. Takes 5 years or more to do the funding and construction. And get real – the labor and utility costs in USA are several times more expensive compared to Asian locations.

  10. @Ray-e8k8w

    April 28, 2026 at 8:39 am

    It used to be "made in amreika" meant good quality
    But quality isn't so rare now and for cheaper its that merikan wages are so high now that is why made in amerika is irrelevant

  11. @joselondono

    April 28, 2026 at 8:39 am

    Didn’t you all capitalism-loving money-grubbing douches voted for his businessman dictatorship because economy is the most important thing ever? You were Right as always! Congratulations… 😊

  12. @habitant71

    April 28, 2026 at 8:39 am

    Exactly, Americans have no taste for manufacturing, so the robots take over. Secondly, how many people are willing to get on their hands and knees to pick berries, to shovel shit?! Trump is living in the past, he has never known anything about economics, he is a big fail!

  13. @miiiikku

    April 28, 2026 at 8:39 am

    Trump has driven manufacturing away by introducing uncertainty every step. First cancel incentives created by previous administration, then then do tariffs, then cancel tariffs, then do unlawful tariffs, change manufacturing strategy away from clean energy and then wait for the next administration to undo everything.

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