$1 Trillion Manufacturing Boom at Risk Under Trump Policies
Heather Boushey, former Biden administration economist and senior fellow at the Harvard Kennedy School's Reimagining the Economy Project, shares how the Invest in America agenda generated $1 trillion in manufacturing investments across semiconductors and clean energy. She warns that policy changes are already threatening $60 billion in planned investments and causing major layoffs at companies like Stellantis and Cleveland Cliffs.Key takeaways
• $1 trillion manufacturing investment was announced under the Biden administration
• Investment doubled at the fastest rate since the 1970s
• Most investments targeted lower-income communities needing economic development
• $60 billion in investments are now at risk under current policies
• Supply chain disruptions threaten manufacturing ecosystems
Timestamps
0:00 - Systems approach to industrial strategy
0:53 - Invest in America agenda overview
1:20 - Focus on semiconductors and clean energy
1:55 - $1 trillion in manufacturing
2:32 - Historic construction investment growth
3:04 - Current investment pullbacks and layoffs
3:27 - Supply chain ecosystem vulnerabilities
4:01 - Market uncertainty challenges
Filmed at the 2025 GISt conference hosted by Harvard Business School’s Institute for Business in Global Society (BiGS) and the Berkley Economy and Society Initiative (BESI).
Learn about the industrial policy and the GISt project: https://www.hbs.edu/bigs/green-industrial-strategy-conference Receive SMS online on sms24.me
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