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Cover Story: Trump’s Industrial Revival Plan Faces Hurdles, Including His Policies

By Liu Peilin, Lu Yutong, Yu Cong, Zhao Xuan and Denise Jia
2025年05月26日 07:02
Shifting tariffs and retreat from Biden-era CHIPS subsidies complicate strategy

Just hours after hailing a breakthrough in U.S.-China trade talks on May 12, President Donald J. Trump wasted no time in claiming victory.

“I spoke with Tim Cook this morning,” he told reporters, referring to the Apple CEO. Trump said he thinks the maker of the iPhone will increase its earlier announced $500 billion U.S. investment plan to build more manufacturing plants in America.

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