Tariffs didn’t bring manufacturing jobs back to the US

Today, I’m talking with Evan Smith, who is cofounder and CEO of Altana, a company that develops software tools to manage big, messy supply chain networks around the world. We last had Evan on in early 2025 to talk about how Trump’s first few waves of tariffs were starting to affect global trade and what patterns Altana was seeing in all that macro-level data about shipping and trade. It was a very alarming and also very illuminating chat; Evan and I got into the existential weeds of internationa