The American-made manufacturing boom the U.S. is experiencing under President Donald Trump is a result of two key Trump policies: tariffs and tax cuts. President Trump’s slate of tariffs on foreign products, including now those targeting countries that use forced labor, are encouraging companies to manufacture a variety of products in the U.S., with the Institute for Supply Management’s Purchasing Managers’ Index hitting a fouryear high in May.
The other half of the equation is the robust series of tax cuts the president has signed into law. President Donald Trump signed the Working Families Tax Cuts on July 4, 2025, as part of H.R. 1, and the legislation has already reduced taxes for over 12 million small business owners by roughly $7,000 each, according to the U.S. Department of the Treasury.
According to a new report from the National Association of Manufacturers, the tax cuts President Trump signed into law last summer have already saved close to six million jobs across the United States — close to the population of the entire state of Maryland. In addition, the tax cuts have protected $540 billion in wages.
