Free Trade

Have Trump's Tariffs Brought Manufacturing Jobs Back to America? New Study Says No.

However, the tariffs did shift supply chains away from China and towards other countries with low-cost manufacturing, like Vietnam, Malaysia, and India.

Eric Boehm | 4.29.2026 3:40 PM

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(Andrew Leyden/ZUMAPRESS/Newscom)

When President Donald Trump announced his Liberation Day tariffs last year, he promised that the higher taxes would cause manufacturing jobs to "come roaring back into our country."

And just last week, the Trump administration claimed that was happening. Trump's "policies are delivering the largest reshoring wave in American history," the White House claimed, pointing to a number of promised investments by companies like Apple and U.S. Steel.

A new independent assessment calls that conclusion into question.

Trump's tariffs "didn't seem to drive significant near-term increases in reshoring or reduce........

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