Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Wendy’s names industry veteran Steve Cirulis as new CFO

    June 23, 2026

    Google’s online dominance is showing signs of cracking in AI era

    June 23, 2026

    PM to push ahead with controversial defence plan despite resignation

    June 23, 2026
    Facebook X (Twitter) Instagram
    Addison Markets
    • Home
    • USA
    • Europe
    • Business
    • Investing
    • Tech
    • Politics
    • Contact Us
    Addison Markets
    Home»Politics»Sens. Warren, Kelly press Trump on effects of tariffs on manufacturing
    Politics

    Sens. Warren, Kelly press Trump on effects of tariffs on manufacturing

    franperez66q@protonmail.comBy franperez66q@protonmail.comJune 23, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email


    Sen. Elizabeth Warren D-Mass., and Sen. Mark Kelly, D-Ariz.

    Michael M. Santiago | Tom Williams | CQ-Roll Call, Inc. |Getty Images

    Despite President Donald Trump’s promises of a manufacturing boom in his second administration, two Democratic senators are arguing in a letter to the administration — and shared first with CNBC — that the president’s policies have created more hardship for U.S. workers.

    Sens. Elizabeth Warren, D-Mass., and Mark Kelly, D-Ariz., wrote on Monday to U.S. Trade Representative Jamieson Greer, Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, questioning Trump’s trade policy and asking all three to explain the country’s growing trade deficit on manufactured goods. 

    “Blue-collar jobs are disappearing, a trend that economists blame at least in part on the president’s historic and volatile tariff policy,” the lawmakers wrote. “The Trump Administration’s trade agenda has favored the interests of wealthy corporations and Trump allies, leaving manufacturing workers behind.”

    Read more CNBC politics coverage

    Spokespeople for Greer, Bessent and Lutnick did not immediately respond to a request for comment.

    Kelly and Warren have both been stridently opposed to Trump’s tariffs, arguing, along with most congressional Democrats, that they amount to a tax on U.S. consumers. 

    Those tariffs, which were meant to boost U.S. manufacturing, have also led to manufacturing job reductions since Trump took office in 2025 and rejiggered the country’s trade policy, according to a February analysis of Bureau of Labor Statistics data by Democrats on the U.S. Congress Joint Economic Committee. That panel, on which Kelly sits, found that the U.S. economy lost 108,000 manufacturing jobs in the first year of Trump’s second term.

    Total construction spending on manufacturing is also down since a peak in summer 2024, according to the Federal Reserve Bank of St. Louis. And, Warren and Kelly wrote, Trump’s tariffs have not prevented the offshoring of jobs. They cited John Paulson, a Trump ally who is shutting his Ohio brass instrument manufacturing plant and moving operations to China, and Whirlpool, which has cut nearly 500 jobs since Trump’s tariffs took effect and is expanding its footprint in Mexico.

    Meanwhile, as the U.S.’s overall trade deficit with the world narrowed in 2025, the trade deficit in physical goods hit a record high, according to data released by the Census Bureau in February.

    “President Trump’s disastrous trade and economic policies have hurt American manufacturing, breaking the President’s promises to workers and the public,” Warren and Kelly wrote.

    The Supreme Court in February struck down a majority of Trump’s tariffs — which he imposed citing a 1977 federal law known as the International Emergency Economic Powers Act — though the president responded by issuing a new set of import taxes using a different statutory authority. And he’s continued to threaten and sporadically impose tariffs where he perceives trade imbalances.

    In their letter, Warren and Kelly asked Greer, Bessent and Lutnick for an explanation as to why the deficit on manufactured goods has increased under Trump and how they plan to reverse the damage they say tariffs have done to the industry.

    “After campaigning on promises to lower costs for American families ‘on day one,’ President Trump’s disastrous economic policies, including sweeping IEEPA tariffs, have driven up prices for American families and small businesses,” they wrote.

    Choose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    franperez66q@protonmail.com
    • Website

    Related Posts

    PM to push ahead with controversial defence plan despite resignation

    June 23, 2026

    Farage says £5m gift spending details ‘not public’s business’

    June 23, 2026

    Minister supports Burnham as Labour MPs split over possible contest for leadership

    June 23, 2026

    New York primaries test Mamdani’s pull and Trump’s endorsement power

    June 23, 2026

    Peter Murrell jailed for more than five years for embezzling SNP funds

    June 23, 2026

    Peter Murrell to be sentenced for embezzling SNP funds

    June 23, 2026
    Leave A Reply Cancel Reply

    Top Reviews
    Editors Picks

    Wendy’s names industry veteran Steve Cirulis as new CFO

    June 23, 2026

    Google’s online dominance is showing signs of cracking in AI era

    June 23, 2026

    PM to push ahead with controversial defence plan despite resignation

    June 23, 2026

    Trump administration to loan $17 billion to build 10 nuclear reactors

    June 23, 2026
    © 2026 All right reserved
    • Privacy Policy
    • Terms & Conditions

    Type above and press Enter to search. Press Esc to cancel.