Bank of America says tariffs might spark a ‘reshoring’ boom

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The U.S. manufacturing sector is showing signs of slowing down, according to the Bank of America Institute. While tariffs may encourage companies to bring production back to the U.S., this reshoring is likely to rely more on automation than increased hiring due to labor shortages and high costs. Despite a drop in new manufacturing orders and contraction signals, tariffs could help certain subsectors recover. Reshoring has created 2 million jobs over 15 years but has slowed recently, Fortune has reported. About 60% of analysts expect production to continue shifting to the U.S. if tariffs stay high. read more: 👍 Like this video to raise awareness about the changing landscape of U.S. manufacturing and the impact of tariffs and automation. 💬 Comment below—Do you think reshoring will bring enough jobs back to the U.S.? 🔗 Share this video to inform others about these economic shifts. 💰 Want to support the channel? You can donate directly by hitting the YouTube Thanks button. Your support helps us keep providing updates. 👉 Don’t forget to subscribe for more updates on the economy and industry news. Thanks for watching and supporting the channel. Links for B.C. Visit My Website Follow Me On Facebook Subscribe To My Patreon Watch Me On YouTube Follow Me On Twitter Watch Me On Rumble Follow Me On Gab Follow Me On Truth Social Follow Me On BlueSky Watch Me On TikTok #Manufacturing #Reshoring #Economy