Papageorgio
The Ultimate Winner
According to the Bureau of Labor, Trump created more manufacturing jobs until April of 2020 when jobs decreased worldwide because of Covid.Offshoring continued unabated throughout Trump’s term. Trump lost more jobs in manufacturing than he created.
This report confirms it.
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Census Bureau Releases 2019 Annual Survey of Manufactures Data
The U.S. manufacturing sector’s value of shipments decreased 2.7%, from $5.9 trillion in 2018 to $5.7 trillion in 2019.www.census.gov
Carrier still moved most of their jobs to Mexico. FOXCOM built nothing. They just conned the government out of freebies.
Biden only kept some of the Chinese Tariffs in place and no they did not help Americans in any way.
The steel and aluminum tariffs cost the USA over 200,000 manufacturing jobs and put the manufacturing sector into a recession in 1999.
Your trade deficit went up to a trillion dollars as a result of Trump’s trade wars and are only now STARTING to come down.
Obama had 8 years to clean up and rebuild. Biden had 4 and a lot of his programs haven’t been in place long enough to achieve maximum impact.
Tariffs are simply a way to solicit bribes.
Bureau of Labor Statistics Data
Look at January 2009 the month Obama entered into office, there were 12,561,000, his last month in office January 2017there were 12,366,000 manufacturing jobs, in March 2020 there were 12,721,000 jobs, Covid decimated jobs worldwide by and the United States was down to 11,419,000 however the numbers had increased every month after that up to 12,1888,000 jobs by January 2021 and has continued to rise when Biden kept the tariffs in place. Canada saw similar decreases.
The trade deficits went up in 2020 because many Americans started spending more because of trillions of dollars being pumped into the economy, so demand went up for all goods creating supply chain issues worldwide.
Tariffs did not cause the massive inflation the Democrats said it would during the Trump years, it was at 1.9% up from the 1.6% under Obama which was well within the low inflation that started decades ago.
Tariffs work, otherwise nations all over the world would drop them.
