Trump’s economic plan explained: Can cutting taxes and boosting factories flip the US economy?

Donald Trump aims to reshape the US economy by cutting regulations and taxes, particularly for the wealthy.
He prioritises energy, manufacturing, and eliminating trade deficits.
Yet economists argue that manufacturing jobs naturally decline as nations grow wealthier.
Over 70,000 US factories have closed in 20 years, with former sites now repurposed.
Manufacturing follows a U-shaped curve—initial growth, then decline due to automation and service job shifts.
Globally, manufacturing peaked in 2013, with major transitions needing public investment.
Trump's administration claims $2 trillion in promised private investment, but cut prior public funding.

Al Jazeera’s Colin Baker reports.

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Post from Al Jazeera on April 30, 2025

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