Trump's Trade Policies Could Slash U.S. Manufacturing Investments by 2029

FIRST ON FOX: A recent report from the Joint Economic Committee Minority has raised alarms regarding the potential impact of President Donald Trump's trade policies, predicting a staggering reduction in U.S. manufacturing investments by up to $490 billion by 2029. As businesses navigate current trade uncertainties, capital expenditures, which include the construction of new factories and the procurement of advanced manufacturing technologies, may experience significant delays. Powerful Manufacturing Association Pens Regulation Rebalancing Plan For Trump Admin According to the report, compiled by Democratic members of the committee, the postponement of these vital investments could hinder innovation, lead to job losses in factories, weaken supply chains, and decrease the competitiveness of the U.S. against global rivals like China. A plant employee works on the top load laundry production line at GE Appliances on Aug. 8, 2025 in Louisville, Kentucky. Senator Maggie Hassan, D-N.H., the ranking member of the Joint Economic Committee, stated, "Strengthening American manufacturing is critical to the future of our economy and our national security. While President Trump promised that he would expand our manufacturing sector, this report shows that, instead, the chaos and uncertainty created by his tariffs has placed a burden on American manufacturers that could weigh our country down for years to come." As of now, the Republican Joint Economic Committee Majority has not provided a comment in response to the report. Read On The Fox News App Trump Calls Tariff Windfall 'So Beautiful To See' As Cash Sails In The committee's report draws comparisons between the ongoing tariff uncertainties in the U.S. and the business investment declines observed in the U.K. following Brexit. The analysis utilizes long-term investment projections from the Congressional Budget Office and research from the Bank of England, highlighting how prolonged trade policy confusion affected U.K. investments from 2016 to 2021. Brexit refers to the U.K.'s decision in 2016 to leave the <a href