Trump's Boom is being ignored by the media - Steel CEO

A "once-in-a-generation boom" in American manufacturing

Marlin Steel CEO Drew Greenblatt heralds a "re-industrialization of America," citing President Donald Trump's tariff policies as a catalyst for foreign manufacturers to relocate to the U.S., creating jobs and boosting domestic industry, a trend he says mainstream media is overlooking.

Marlin Steel CEO Drew Greenblatt, appearing on "Fox & Friends Weekend," described a significant shift in U.S. manufacturing, driven by President Donald Trump's tariff policies, which he claims is being ignored by mainstream media. Greenblatt, whose company operates in Baltimore, Maryland, sees a "once-in-a-generation boom" in American manufacturing, spurred by tariffs that discourage foreign dumping and offshoring. He argues that these policies are encouraging overseas companies, particularly from Germany, Japan, and England, to consider building factories in the U.S. due to high taxes, expensive energy costs abroad, and a new 15% tariff on goods shipped to the U.S. This shift, Greenblatt says, is fostering a "re-industrialization of America," creating high-quality jobs for factory workers.

Greenblatt is optimistic about the future, emphasizing that Marlin Steel is actively investing in this trend by hiring talent, purchasing new equipment, and expanding operations in Indiana, Michigan, and Maryland. He attributes the potential for growth to Trump's tariff structure, which he believes reverses decades of manufacturing decline by incentivizing domestic production. For instance, he notes that foreign manufacturers are rethinking their strategies, opting to build in the U.S. to avoid tariffs and hire local workers, thus boosting the American economy.

Greenblatt's positive outlook ties the manufacturing resurgence to Trump's trade policies, including a major trade deal with the European Union and ongoing negotiations with other countries facing a deadline for steep reciprocal tariff increases. These policies, Greenblatt argues, make the U.S. a more attractive location for manufacturing investment.

Additionally, the article mentions other business developments, such as Morgan Stanley Wealth Management's market outlook and the impact of tariffs on global trade dynamics. Greenblatt's perspective aligns with commentary from figures like Bill Maher, who has acknowledged the effectiveness of Trump's tariff approach. By investing in U.S.-based production, Greenblatt believes companies like his can capitalize on this economic shift, creating a stronger, more competitive manufacturing sector that supports American workers and communities. This narrative of optimism and growth, he contends, is a critical story the mainstream media is failing to cover, focusing instead on less positive economic indicators.