Bringing good-paying manufacturing jobs back to the United States by restructuring its trade deals with other countries ranks high on President Trump’s priority list. Such rhetoric has strong emotional appeal, but Guntram B. Wolff, head of the European think tank Bruegel, explains how revamped trade policies may do more harm than good to American workers. While always politically neutral, getAbstract suggests this concise economic overview to anyone interested in the potentially unintended economic consequences of political promises.
In this summary, you will learn
- What the Trump administration’s positions are regarding manufacturing jobs and US workers;
- Why, according to Guntram B. Wolff , these claims rely on faulty assumptions; and
- How repatriation of production jobs can hurt more than help US wage earners.
About the Author
Guntram B. Wolff is the director of Bruegel, a European think tank.