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Today — 22 May 2025Main stream

Tariffs won't bring manufacturing jobs back to America, Wells Fargo analysts say

22 May 2025 at 19:31
U.S. President Trump delivers remarks on tariffs, at the White House
Wells Fargo says in a report that President Donald Trump's tariffs won't bring manufacturing back.

Carlos Barria/REUTERS

  • Wells Fargo said in a report that President Donald Trump's tariffs won't bring manufacturing back.
  • High labor costs and a lack of workers would make building more factories an "uphill battle."
  • US manufacturing needs $2.9 trillion in investment to reach 1979 employment levels.

President Donald Trump's push to revive American manufacturing through tariffs may face some hurdles.

Despite some high-profile commitments, including Nvidia's plans for a US-based supercomputer plant and Apple's pledge to invest $500 billion domestically, a new report from Wells Fargo economists predicts that bringing back offshored manufacturing jobs will be an "uphill battle."

"An aim of tariffs is to spur a durable rebound in US manufacturing employment," Wells Fargo analysts wrote in the report. "However, a meaningful increase in factory jobs does not appear likely in the foreseeable future, in our view."

The report attributes the potentially low factory job growth to high labor costs, a lack of suitable workers to fill vacant positions, and a subdued population growth from lower fertility rates and slower immigration.

"Higher prices and policy uncertainty may weigh on firms' ability and willingness to expand payrolls," the analysts added.

The tariffs are part of Trump's broader economic agenda to revive American manufacturing as a pathway toward middle-class prosperity. The tariffs are meant to hike the costs of imports to incentivize companies to make goods domestically.

"Jobs and factories will come roaring back into our country," Trump said while announcing tariffs on April 2. "And ultimately, more production at home will mean stronger competition and lower prices for consumers."

Some tariffs imposed on April 2 have been temporarily paused or greatly reduced, including tariffs on China. The 10% across-the-board tariff remains, as do some specific tariffs on Mexico and Canada, plus 30% in duties on China. Duties at their current level are still the highest they have been since the 1940s.

"In order for manufacturing employment to return to its historic peak, we estimate at a minimum $2.9 trillion in net new capital investment is required," Wells Fargo analysts wrote. "Assuming businesses are willing and able to invest such ample sums, questions over staffing remain."

The Wall Street bank says that US manufacturing employment currently stands at 12.8 million, down from its 1979 peak of 19.5 million. To get back to that mark, the US would need to add roughly 6.7 million jobs. Wells Fargo added that the figure is nearly the same as the entire pool of unemployed Americans, which in April was 7.2 million, according to the US Bureau of Labor Statistics.

"Population aging, negative perceptions, and skill mismatches also underpin workforce concerns," Wells Fargo analysts wrote. "New jobs will require different skills than those previously lost."

In 2024, Taiwanese chipmaker TSMC said it delayed the opening of its Arizona chip factory due to a shortage of skilled workers. A report released in April 2024 by Deloitte and the Manufacturing Institute also found that nearly half of the 3.8 million new manufacturing jobs anticipated by 2033 could remain unfilled due to skill gaps and other population factors.

"Tariffs must be high enough to make the cost of domestic production competitive in the US market, and they also must be kept in place long enough for producers to bring on additional workers and expand capacity," the report concluded. "If the economic or political costs are deemed too high, the current administration could quickly dial-back prevailing duties further."

The White House did not immediately respond to a request for comments.

Read the original article on Business Insider

Rockies Fan Hit by Foul Ball Cites Poor Play in Lawsuit Against Team

22 May 2025 at 13:33

The Colorado Rockies are in the midst of what is sure to be their seventh consecutive losing season, and the losses have taken a toll on one fan in particular.

Rockies fan Timothy Roeckel is suing the team after he was struck by a foul ball during a 2023 game at Coors Field against the New York Yankees. Roeckel was sitting in a suite at the time, which he alleges obstructed his view of the ball. To make matters worse, he claims, the team’s persistent losing has made it difficult for fans to pay attention to the action.

The incident happened in the bottom of the first inning when a Rockies batter fouled a pitch off of Yankees starter Gerrit Cole. The ball then “traveled at a speed, velocity and trajectory that allowed it to sail past the 100-level seating, the club boxes and enter the luxury box where [Roeckel] was seated,” according to the lawsuit, filed in a Denver court on Monday, May 19, and viewed by Us Weekly.

The ball struck Roeckel in the right eye and face, allegedly “causing catastrophic and permanent injuries.”

Yankees Fan Speaks Out After Prying Ball Out of Mookie Betts’ Glove

The lawsuit also alleges that the Rockies’ poor play has contributed to an atmosphere at Coors Field where the baseball itself is secondary to the “socializing, dining and business networking [that] have become the primary focus for many attendees.”

“This cultural shift is not incidental but rather encouraged by [the Rockies’] own marketing and design choices, which emphasize hospitality and off-field amenities over fan vigilance,” the suit reads. “A primary example is [the team’s] removal of the upper right field seats and installing a party deck where a view of the game for most spectators is virtually impossible.”

To underscore his point, Roeckel laid out just how hapless the Rockies have been on the field since they last made the postseason in 2018. The suit points out that Colorado was 35-58 at the time of the incident and finished the season at 59-103. Leading up to that season, the Rockies had finished fourth or fifth in the five-team National League West each of the previous four seasons.

Fan Who Fell Onto the Field at MLB Game Was College Football Player

The Rockies haven’t gotten better since then either. They went 61-101 in 2024 and are currently 8-41. Their .163 winning percentage puts them on pace for the worst season of any Major League Baseball team since the 1899 Cleveland Spiders.

Roeckel is seeking damages “including, without limitation, economic, noneconomic and permanent impairment and disfigurement damages as well as interest, costs and such other relief as the Court deems just and appropriate.” He has demanded a trial by jury.

Us Weekly has reached out to the Rockies for comment.

© Justin Edmonds/Getty Images

Brooks Nader Wouldn’t Wish 'DWTS' Partnership With Gleb on ‘Anyone’

22 May 2025 at 13:30

Brooks Nader had a savage response when asked who ex Gleb Savchenko’s next Dancing With the Stars partner should be.

“Not even gonna answer that,” Nader, 28, exclusively told Us Weekly when asked who should be paired with Savchenko, 41, at the Sports Illustrated Swimsuit launch. “I don’t wish that on anyone.”

While she’s no longer competing on the ABC reality competition series, Nader encouraged other celebrities to join — and thinks she has an idea of who could be the next recipient of the Len Goodman Mirrorball Trophy.

“I think that if anyone has the opportunity to be on the show they should be on it,” she said. “I loved Steve Irwin’s son [Robert Irwin]. He was awesome. I met him at the Hulu Unscripted house. I’m so happy for him, he had a huge snake at the event and he is going to crush it. I have a weird feeling that maybe he’s going to win or something. I don’t know. It seems like he’s committed to the craft.”

@usweekly

Model Brooks Nader didn’t hold back at the #SportsIllustrated event 👀 She told Us who she thinks will take home the #DWTS trophy, threw a little shade at her former partner Gleb Savchenko, and still sent well wishes to his current partner.

♬ original sound – Us Weekly – Us Weekly

After Nader was cast on DWTS in 2024, she and Savchenko quickly hit it off. As the season progressed, a source exclusively told Us in September 2024 that Nader and Savchenko were “hooking up.” The twosome would go on to date on and off for months.

Most recently, Nader’s sister shared dirty details of the romance, claiming that the model and Savchenko would have sex on set of DWTS and joked that the trailer would be “shaking” every time.

“I haven’t spoken to her since that interview,” Brooks quipped to Us of Grace Ann, who made the claim during an episode of the “Call Her Daddy” podcast earlier this month. “I don’t plan to speak to her ever again, maybe. Although, it’s hard because we’re filming a show together. Lemme check back in with you in a few weeks and tell you how that’s going.”

Brooks Nader Is Open to Dating Women After Gleb Savchenko Breakup

Nader and Savchenko were eliminated from DWTS in October 2024 and their whirlwind romance officially came to an end in April.

“I was surprised to learn through an article published today … that Brooks has ended our relationship,” Savchenko said at the time. “The last communication I received from her was a text on April 6th, asking to speak. I called her today in response, but she has not replied.”

Since their split, Nader noted that she’s looking for a new partner — whether that’s a man or woman.

“Maybe it’s a Mr., maybe it’s Mrs., I don’t even know. Who knows?” Nader shared with Entertainment Tonight earlier this month. “My sister keeps telling me I gotta switch teams. She’s over me with the guys.”

© Monica Schipper/Getty Images(2)

Inside Amy Duggar's Life After TLC Stardom

22 May 2025 at 13:14

Amy Duggar King lives a quieter life compared to her reality TV days.

Amy, 38, is the sole daughter of Jim Bob Duggar’s sister, Deanna Duggar, and Terry Jordan. She was featured on 19 Kids and Counting alongside her cousins when the show premiered in 2008.

Throughout her time on the TLC series, Amy — who did not grow up with the same customs as her cousins — was best known for sharing her disapproval of the rules the Duggars had to follow — including their courtship rituals.

“I would probably ditch my chaperone,” Amy said to Jim Bob during an early episode of 19 Kids and Counting. “You don’t want me to be [your kids’] chaperone. I will pretty much let them do whatever. Come on now! I’m pretty sure you and Aunt Michelle were not like that when you were younger. I’m pretty sure they kissed before they were married.”

Jinger Duggar Makes Rare Comment About Growing Up With Cousin Amy

During a 2014 special episode of 19 Kids and Counting, Amy shared that she was going to Nashville to pursue a music career. Despite having musical aspirations, Amy ultimately opted not to proceed with her dreams.

The following year, 19 Kids and Counting came to an end after 10 seasons. Following the show’s final episodes, Amy tied the knot with husband Dillon King in September 2015. The couple welcomed son Daxton in October 2019.

After the 19 Kids and Counting came to an end, a spinoff titled Counting On was greenlit by TLC. The new show followed the lives of the older Duggar kids as they started their own families. Amy made multiple appearances on the spinoff, which aired for 11 seasons.

GettyImages-1071941464 Amy Duggar Life After TLC
Getty Images

Since the Duggar family’s time on TLC ended, Amy has focused on her family. She’s given fans an inside look of her life via social media. She also shared that she has kept in touch with her cousins as they all forge their own paths.

“I think we are all just trying to find our path and we’re all just doing things differently,” Amy told Entertainment Tonight in July 2020. “I’m doing things differently, and I’m happy where I’m at. I’m happy for them. Things are definitely different, but I’m happy for everybody. I’m in a good place and I wish my family all the best. I have freedom and it is wonderful.”

Earlier this year, Amy revealed that Dillion was diagnosed with a severe diaphragmatic rupture. Amy explained in an April interview with People that the condition is “an extremely rare and dangerous condition that has caused vital organs, including his kidney and parts of his digestive system, to shift into his chest cavity.”

Inside Amy Duggar's Estranged Relationship With Her Family and Cousins

“Doctors have made it clear that this is not a quick fix,” Amy told the outlet. “The risks are high, the procedures complex and the recovery uncertain. We are taking this one moment at a time, clinging to hope, prayer and the wisdom of the medical teams who are now walking this road with us.”

Later that month, Amy gave an update on how Dillion was faring when a fan inquired about his health scare via social media.

“He’s taking it easy! Still in pain but you’d never know from this photo!” she replied to a fan via Instagram. “There’s just SO much sitting and relaxing one can do before you start to get a lil stir crazy. He isn’t the type to stay down!”

© Getty Images

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