Wells Fargo warns Trump’s tariffs won’t bring back American manufacturing jobs, which will need a minimum $2.9 trillion investment to regain peak

fortune.com/2025/05/23/wells-fargo-trump-tariffs-american-manufacturing-employment

Despite President Donald Trump continuing to tout tariffs as a way to increase U.S. manufacturing, a Wells Fargo report from this week argues meaningfully increasing manufacturing employment will be an “uphill battle.” Tariffs have pushed companies to absorb costs or pass them down to…

This story appeared on fortune.com, 2025-05-23 17:47:51.
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