Donald Trump’s 2016 election win was largely due to dissatisfaction with the exodus of manufacturing jobs from the United States and Trump’s promise to bring them back. Americans certainly had reason to bemoan the loss of such jobs, which shrank from 17 million in 2000 to 11 million in 2010. Even after an economic recovery, the manufacturing comeback has been small. Can President Trump recoup these jobs through protectionism? As economist David Dollar explains in this concise overview, three major trends make such an outcome unlikely. While always politically neutral, getAbstract suggests this article to anyone interested in the impacts of trade policies on the US economy.
In this summary, you will learn
- What three economic truths say about the return of manufacturing jobs to the United States,
- Why trade protectionism won’t succeed in bringing those jobs back and
- Which policies would help the US remain competitive in the global marketplace.
About the Author
David Dollar is a senior fellow at the John L. Thornton China Center at the Brookings Institution.
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2 years agoIt's not saying anything, this is a very poor summary.