Summary
Trump’s erratic tariff policies threaten American manufacturing’s recent renaissance.
Under Biden, manufacturing investment increased 220% from 2021-2024 through programs like the Inflation Reduction Act and CHIPS Act, creating 750,000 manufacturing jobs.
Trump has illegally frozen IRA spending despite court orders and called the CHIPS Act “horrible,” advocating for its repeal.
Princeton professor Jesse Jenkins estimates Trump’s actions could lead to massive cancellations in EV and battery production.
Unlike Biden’s targeted tariffs paired with domestic investments, Trump imposes duties randomly without clear goals, creating economic uncertainty that discourages investment while risking recession.
So if Bidens Chips act is the way to go, should Trump then borrow trillions to gift to every American company to get them to invest?
It seems like two corporatist parties competing, as Bernie Sanders and others are compromised by an undemocratic institution to gift the election to the worst candidate.