Trump bet tariffs would bring back American factory jobs. New report says it didn't work

A report from the Advancing American Freedom Foundation argues that President Donald Trump's 2025 global tariff policy failed to revive U.S. manufacturing and instead led to job losses, estimating up to 1 million fewer jobs nationwide. The analysis found manufacturing lost roughly 75,000 positions in the policy's first year, with tariffs described as a 'tax on high-end American manufacturing' due to reliance on imported components.