From NY Post: President Trump on Sunday predicted that America will enjoy a tariff-induced manufacturing renaissance the likes of which “this country has never seen,” starting in the next six months to a year.
The president, pointing to recent announcements such as Toyota’s plans to invest $10 billion in the US, said his tariff policy would spur a manufacturing boom.
Trump has dealt with lackluster economic news in recent months. For example, joblessness edged up from 4.3% to 4.4% in September, according to the Bureau of Labor Statistics.
Manufacturing activity in the US also declined for nine months in a row by the end of November, the Institute for Supply Management estimated.
Despite those headwinds, Trump was bullish that the economy will pick up next year.
“I say it’s the golden age of America, when these factories and plants open up by the thousands,” Trump said at a Christmas reception in Cross Hall.
“They’re coming from Germany, they’re coming from Japan, they’re coming from Canada. Many factories are coming in because there’s they don’t have, they don’t want to pay tariffs,” he said. “We have an age that’s coming up, the likes of which… this country has never seen.”
“I just look so forward to the results,” the president said. “You’re going to see results in six months to a year. I think you’ll see results. We’ve never had anything like it.”
Treasury Secretary Scott Bessent also said the economy will bounce back next year.
Read more at NY Post
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