Kate Leinbaugh
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But Newberry was about to get an assist from a presidential hopeful who was promising to revitalize American manufacturing.
But Newberry was about to get an assist from a presidential hopeful who was promising to revitalize American manufacturing.
But Newberry was about to get an assist from a presidential hopeful who was promising to revitalize American manufacturing.
Donald Trump, his main tool to bring those jobs back was tariffs. And for Newberry, that would bring in a new employer and chart a new path to growth. This is the playbook that Trump is now trying to replicate today on a much larger scale. But Newberry's good fortune came at a cost. Welcome to The Journal, our show about money, business, and power. I'm Kate Leinbaugh. It's Tuesday, April 8th.
Donald Trump, his main tool to bring those jobs back was tariffs. And for Newberry, that would bring in a new employer and chart a new path to growth. This is the playbook that Trump is now trying to replicate today on a much larger scale. But Newberry's good fortune came at a cost. Welcome to The Journal, our show about money, business, and power. I'm Kate Leinbaugh. It's Tuesday, April 8th.
Donald Trump, his main tool to bring those jobs back was tariffs. And for Newberry, that would bring in a new employer and chart a new path to growth. This is the playbook that Trump is now trying to replicate today on a much larger scale. But Newberry's good fortune came at a cost. Welcome to The Journal, our show about money, business, and power. I'm Kate Leinbaugh. It's Tuesday, April 8th.
Coming up on this show, one town that benefited from Trump's tariffs and what it meant for everyone else. Our colleague Chow Deng covers the economy and has been following Trump's tariff plans. What is his policy goal with these tariffs?
Coming up on this show, one town that benefited from Trump's tariffs and what it meant for everyone else. Our colleague Chow Deng covers the economy and has been following Trump's tariff plans. What is his policy goal with these tariffs?
Coming up on this show, one town that benefited from Trump's tariffs and what it meant for everyone else. Our colleague Chow Deng covers the economy and has been following Trump's tariff plans. What is his policy goal with these tariffs?
Newberry was one of those towns. It had a long, cherished manufacturing history tied to the textile industry.
Newberry was one of those towns. It had a long, cherished manufacturing history tied to the textile industry.
Newberry was one of those towns. It had a long, cherished manufacturing history tied to the textile industry.
Rick Farmer's job as Newberry's economic development officer is to keep jobs in town and bring in more. which is why it was such a gut punch when Caterpillar said in 2016 it was moving out and leaving Newberry with an empty factory.
Rick Farmer's job as Newberry's economic development officer is to keep jobs in town and bring in more. which is why it was such a gut punch when Caterpillar said in 2016 it was moving out and leaving Newberry with an empty factory.
Rick Farmer's job as Newberry's economic development officer is to keep jobs in town and bring in more. which is why it was such a gut punch when Caterpillar said in 2016 it was moving out and leaving Newberry with an empty factory.
But then, Rick caught wind of another project that could turn around his town's fortunes.
But then, Rick caught wind of another project that could turn around his town's fortunes.
But then, Rick caught wind of another project that could turn around his town's fortunes.
That large contingent of engineers was with Samsung, the giant Korean manufacturer. Rick gave them a tour of the factories.
That large contingent of engineers was with Samsung, the giant Korean manufacturer. Rick gave them a tour of the factories.