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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

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

Highlights

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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.
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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.
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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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