Fox News senior White House correspondent Jacqui Heinrich has the latest on the Trump administration’s tariff negotiations with China and more on ‘Special Report.’

President Donald Trump continues to promise that his tariff regime will usher in a new Golden Age for American workers with an explosion of high-paying manufacturing jobs across the Rust Belt and America.  These tariffs will certainly drive up the costs of imports, hurting American consumers. As demand for foreign goods declines, the unfairly maligned trade deficit targeted by the president may indeed narrow. But more expensive imports also guarantee the supposed manufacturing renaissance will turn out to be fools’ gold for American workers and will not boost exports. 

Contrary to popular belief, American exporters have enjoyed a manufacturing renaissance. Since 1994, American exports have nearly tripled, even after you adjust for inflation.   

American goods exported exceeded $2 trillion last year. America’s aerospace industry now exports nearly $100 billion a year. The American automotive sector exports more than $160 billion annually, nearly doubling in inflation-adjusted terms since 1994. American soybean farmers supply livestock around the globe with feed. Each of these export-intensive sectors stands to lose jobs due to these tariffs. 

US TRADE REPRESENTATIVE SAYS IT’S A MATTER OF ‘WEEKS’ BEFORE NEW TRADE DEAL ANNOUNCEMENTS

First, don’t expect an overall gain in American manufacturing jobs. Certainly, individual companies may benefit. A tariff on steel might save a few jobs at a specific steel mill. But the cost for every American manufacturer using this higher-priced domestic steel will also increase.  

President........

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