A healthy, growing manufacturing industry is essential for good, middle-class jobs, for broadly shared prosperity in the US, and for long-term economic growth. Manufacturing is essential for national security, health security, and a robust, resilient supply of many essential and non-essential goods.
The US must make the US dollar competitive again, rebalance trade, and support US manufacturing with effective Buy American policies to relaunch manufacturing growth. We must use tariff policies where required against foreign predation, dumping, IP theft, and other anti competitive policies of foreign governments. We must use targeted industrial policies when necessary to support industries deemed essential for national security or economic security.
Subsidies across 15 key industrial sectors have reached their highest levels relative to revenue since the 2008-2009 global financial crisis, according to an OECD study published June 1.
China is quietly making a move on one of America’s most critical industrial materials — copper. Texas is helping them do it.
The government increasingly sees critical minerals, battery materials and components, and refining as strategic industrial assets rather than low value goods often burdened by environmental regulations.
For too long, foreign actors with no real U.S. presence have been able to import into the American market while shielding themselves from the duties, penalties, and laws that domestic producers and legitimate U.S. importers must obey. The order takes aim squarely at that imbalance.
While hosting Ambassador Greer, the former USTR manipulated pay data to claim that services jobs had overtaken manufacturing.
A Senate Committee on Small Business and Entrepreneurship hearing held last week had only one manufacturer serving as a witness. He liked the tariffs because they stopped the bloodletting of cheaper imitations from China. However, he told the Senate that changes could be made to existing tariff policy to help lower costs as commodity and other input prices are rising fast.
