Government/Policy

July 20, 2025
Leibowitz on Trade: Bringing manufacturing back to the US
Written by Lewis Leibowitz
In my last column, I explored whether tariffs would be likely to bring manufacturing back to the United States. I concluded that they wouldn’t because trade deficits are not caused significantly by “unfair” trade deals. Today, my column considers what can be done to “bring manufacturing back.”
First, let me stress that increased steel production alone won’t bring back huge numbers of jobs. Total manufacturing employment is down from the postwar peak of the 1975-79 period. Back then, the steel industry employed more than half a million workers. Today, it’s well under 100,000.

