No, Trump's tariffs haven't reshored manufacturing jobs

President Trump insists his economic policies have supported a reshoring of manufacturing jobs. At a rally held at a Michigan GM facility on Monday, he doubled down. In reality, the U.S. has lost 75,000 manufacturing jobs since Trump took office in 2025. In this episode, we fact check the President’s claims, and consider the future of Michigan’s auto industry. Plus: Companies begin to offer insurance for AI mistakes, the U.S. trade deficit shrank a bit in June, and UPS winds down its Amazon delivery fulfilment partnership.

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Read the stories in today’s episode:

• Trump says his aggressive trade policy is bringing back factory jobs. Is it?
• No really, what is Kevin Warsh thinking?
• New insurance products cover damages caused by AI
• UPS and FedEx are moving from higher volumes to higher margins
• The trade deficit fell in June, but remains high
• As mortgage rates stay high, this lender is seeing buyers accept the new normal