Marta Bengoa

The 2025 Tariffs Have Hurt U.S. Manufacturing, Employment, and Consumers

The 2025 Tariffs Have Hurt U.S. Manufacturing, Employment, and Consumers

By Marta Bengoa

Rather than reviving American manufacturing and boosting employment, the data from Trump’s “Liberation Day” tariffs tell a story of job losses in manufacturing, stagnant productivity in that sector, higher inflation across the economy, and economic uncertainty on a scale not seen in decades.

U.S. Tariff Windfall Cannot Compensate for Jobs, Costs, Debt, and Inefficiencies

U.S. Tariff Windfall Cannot Compensate for Jobs, Costs, Debt, and Inefficiencies

By Marta Bengoa

The current situation demands acknowledgment that trade and monetary policy operate as interconnected systems, not isolated levers that can be pulled independently. A coherent approach would acknowledge that the United States’ economic strength derives from its integration into global supply chains, not isolation from them.