The Economic Populist: Latest Data Show American Manufacturing Decline During Trump II, Not Promised Rebound

By Zachary Hagen-Smith & Luis Fernando Chavez

Despite campaign promises by President Trump to create a manufacturing “boom” and reshore U.S. manufacturing and related jobs, as well as claims by administration officials to have revived American manufacturing, the latest trade and industrial data covering the first half of 2026 tell no such story.

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Originally published in The Economic Populist — a project of the American Economic Liberties Project.