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In Michigan, Vance says US manufacturing can rebound despite tariff jitters and falling markets

BAY CITY, Mich. (AP) — Vice President JD Vance toured a Michigan plastics manufacturing facility on Friday, promoting a promised Trump administration industrial renaissance nationwide even as jitters about rising tariffs and steep drops in consumer confidence and financial markets point to the opposite.

Vance was in Bay City, which was known in the 1800s for thriving sawmills and shipbuilding concerns that have long since closed. Speaking at Vantage Plastics, he vowed, “We started a great American comeback," and said the Trump administration will “make it easier and more affordable to make things again in the United States.”

But he also repeatedly urged patience before the Trump White House's economic policies take hold, noting, "This is not always easy, and it doesn’t happen overnight.”

Many Michigan businesses are especially concerned about a growing trade tiff with neighboring Canada that President Donald Trump has triggered with moves like increasing tariffs on all steel and aluminum imports to 25% and that prompted swift retaliation from Ottawa and the European Union.

Meanwhile, U.S. consumer sentiment fell sharply, marking its third straight month of declines and leaving it down 22% from December 2024, when President Joe Biden was in office, according to a survey by the University of Michigan. The preliminary report released Friday shows that consumers’ expectations of annual inflation climbed to 3.9% from 3.5%, the largest monthly jump since 1993.

Financial markets have also tumbled, with the S&P 500 on Thursday closing more than 10% below its record for its first correction since 2023.

Trump has suggested that there will be some financial turbulence as his Republican administration embraces tariffs and his billionaire adviser Elon Musk leads efforts to fire tens of thousands of federal workers and shrink the size of the government. Vance repeated that message.

Vice President JD Vance, center, greets supporters following a rally where he spoke about "America's industrial resurgence," Friday, March 14, 2025, at Vantage Plastics in Bay City, Mich. (AP Photo/Jose Juarez)
Vice President JD Vance, center, greets supporters following a rally where he spoke about "America's industrial resurgence," Friday, March 14, 2025, at Vantage Plastics in Bay City, Mich. (AP Photo/Jose Juarez) · ASSOCIATED PRESS

“I have to be honest with you. The road ahead of us is long,” the vice president said. “But, we are already — in just seven short weeks — starting to see early indications of the president’s vision becoming our shared American reality.”

Among the nearly 100 attendees at Friday's event was Justin Crosby, who works for a construction company in nearby Midland. Asked what he hoped to hear from Vance, Crosby had a simple answer: “Hope.”

The 35-year-old supported Trump in last fall’s election and admitted that keeping up with the first few months of his presidency has been “hard.” Still, Crosby remains confident the president will help lower costs, saying, “It takes a long time to unravel all the craziness that’s happened over the last four years.”