Trump threatens John Deere with 200 percent tariff if it outsources manufacturing
Former President Trump on Monday threatened Illinois-based John Deere with huge tariffs on its products if it outsources some of its manufacturing to Mexico as previously announced, the latest sign that Trump would be aggressive in using tariffs if he wins the November election. “I noticed that there's a John Deere tractor behind me. I […]
Biden-Harris Admin Shells Out Billions More For Battery Manufacturing As China Corners The Market
The Biden-Harris administration announced Friday it would award more than $3 billion in subsidies for electric vehicle (EV) battery projects as part of a broader effort to boost domestic production as China continues to dominate the market. The grants will go to 25 different battery manufacturing projects across 14 states and are intended to boost […]
Harris Claim of a Manufacturing Boom Is Absolutely Untrue
Speaking on Fox Business Network's “Kudlow” show on Wednesday, Breitbart News economics editor John Carney said Vice President and 2024 presidential candidate Kamala Harris was wrong to say there was a manufacturing boom during her term in office and that manufacturing growth under the Trump administration was twice as fast as it was under the […]
Biden-Harris EV Rule Could Gut 123,000 Auto Manufacturing Jobs
According to an analysis by the America First Institute, the Biden-Harris plan for electric vehicles could cost the U.S. 123,000 auto manufacturing jobs, and an even more radical proposal pushed by Vice President Kamala Harris would be even more devastating, especially in Rust Belt states. In the analysis, Published On Monday, the release found that […]
Acting Labor Sec’y on Why Manufacturing Jobs Fell: They’re Up ‘Cumulatively’
In an interview with Bloomberg on Friday, Acting Labor Secretary Julie Su, when asked why manufacturing jobs are declining, said that manufacturing jobs have increased since the Biden-Harris administration took office, which she said is “part of our promise to make things in America again” and is “coming from real investment and a commitment to […]
Biden Is Focused on ‘Revitalizing’ Manufacturing, But Manufacturing Jobs Are Flat
During Bloomberg's “Balance of Power” broadcast on Friday, Heather Boushey, a member of the White House Council of Economic Advisers, said President Joe Biden is focused “right now on reinvigorating some of the U.S. manufacturing industry through the construction of new manufacturing facilities that we're seeing across the country.” She said she believes manufacturing jobs […]
Manufacturing Jobs Continue To Dwindle Despite Biden Admin Allocating Hundreds Of Billions In Subsidies
The U.S. economy lost a large number of manufacturing jobs in August, despite the Biden administration's attempts to jump-start manufacturing with hundreds of billions of dollars in subsidies. US manufacturing jobs Fell According to data from the Bureau of Labor Statistics (BLS), manufacturing employment increased by 24,000 in August, down 14,000 from a year ago. […]
U.S. Added 142,000 Jobs in August, Earlier Months Revised Down, Manufacturing Jobs Crash
U.S. job growth in August was much weaker than expected and the previous month's job gains were also revised downward, suggesting the labor market is even weaker than it appears. The Labor Department said Friday that the economy added 142,000 jobs. Economists had expected payrolls to rise to 160,000 that month. The employment forecast for […]
Stocks drop as manufacturing activity slumps
Manufacturing investment and activity are slowing ahead of a turn in the business cycle as the Federal Reserve considers cutting interest rates later this month. The S&P Global Purchasing Managers' Index (PMI) fell to 47.9 in August from 49.6 in July, the lowest level in eight months. S&P reported its first production cuts since January. […]
Harris Misleadingly Claims Biden Added 800,000 Manufacturing Jobs
CLAIM: Vice President Kamala Harris said she and President Biden have created 800,000 manufacturing jobs. “we 800,000 “New manufacturing jobs are being created, that's a good thing,” Harris said in an interview with CNN on Thursday. Verdict: Harris' statements are misleading. U.S. manufacturing added about 742,000 employee jobs between January 2021, when Biden took office, […]