TBF Trump1 had consistently positive manufacturing PMI until covid. A lot of that didn't workout. Biden sustained that for 1st half of his term, but manufacturing PMI negative since 2023 and hasn't recovered. Some of that was reshoring effort from covid... question how that played out. Rest of it was dumping chips money. More accurate to say US tried to make stuff under Trump1 and Biden in response to PRC making all the stuff. But it's questionable US will end up making anything except chips because that's strategic priority, which they can't do as profitablly as TW, but it's sector with high capex that skews manufacturing PMI to appear US plans to make more stuff than they acutally are. Though TBH, as you say Trump2 isn't even trying to build according to PMI because he's fixated on engineering a 3rd term.