Trump’s Effort To Revitalize Manufacturing Has Failed, Data Centers Take Over

Construction spending on Manufacturing has plunged 32.6 percent in two years. Tariffs did not and will not revitalize US manufacturing. Historic Crossover The manufacturing boom that started in 2021 under Biden peaked in September of 2024. Spending on data centers and power prevented a collapse in nonresidential construction spending. In September 2025, construction spending on …

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[ H/T Sons of Liberty Media ]