New York —
President Donald Trump has promised his high tariffs will inspire an American manufacturing renaissance.
Yet so far his controversial experiment has failed to inspire a jobs boom. Not only is hiring weak , but the industries most exposed to tariffs have been shedding workers – exactly the opposite of the intended outcome.
Job growth in tariff-impacted sectors including manufacturing, construction and transportation turned negative shortly after Trump started his trade war this spring, according to a new analysis by Apollo Global chief economist Torsten Slok.
Slok’s research, based on a three-month moving average of Bureau of Labor Statistics data on employment, shows that while tariff-impacted sectors had moments of job loss in recent years, this is the first time pa