A new report from Wells Fargo economists predicts that President Donald Trump's tariffs won't lead to a significant increase in manufacturing jobs in the U.S.
Factors like low factory job growth, high labor costs, lack of skilled workers, and limited population growth are hindering the growth of manufacturing employment.
Trump's tariff strategy has resulted in a trade war, particularly with countries like China, and American companies like Apple.
Analysts estimate that a substantial amount of new capital investment and job creation would be needed to restore manufacturing employment to its historic peak, posing challenges for Trump's plan.