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Marketplace · July 28, 2026 · 00:26:16

No, Trump's tariffs haven't reshored manufacturing jobs

Marketplace fact-checks President Trump's claim that his tariffs have reshored manufacturing jobs, revealing a net loss of 75,000 jobs since he took office in 2025. The episode also explores emerging insurance products for AI errors, a slight dip in the trade deficit, UPS's strategic shift away from Amazon delivery, and how homebuyers are adapting to persistently high mortgage rates. With a focus on the Michigan auto industry's future, the show dissects the gap between political rhetoric and economic data.

This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.

Novel

Insurance for AI Mistakes
Companies are beginning to offer insurance products that cover damages caused by AI errors.

Highlights

Tariffs Haven't Reshored Manufacturing Jobs
President Trump claims his tariffs are bringing back factory jobs, but data shows the U.S. lost 75,000 manufacturing jobs since he took office in 2025.
Homebuyers Adapt to High Mortgage Rates
With mortgage rates staying high, homebuyers are increasingly accepting the new normal rather than waiting for rates to drop.
Logistics Giants Prioritize Margins Over Volume
UPS is winding down its Amazon delivery partnership, joining FedEx in a shift from high-volume shipping to higher-margin premium services.

Misc

At a Michigan GM rally, Trump doubled down on his claim that his tariffs are reshoring manufacturing jobs.
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