The U.S. is the second largest exporter in the world — but the only major exporter that has run goods trade deficits for more than two decades. Currency manipulation, weak trade laws and the failure to implement strategies to rebuild U.S. manufacturing are among the reasons for this damaging trade.
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During today’s trip to Albany, New York, President Obama highlighted an important and emerging trend – rather than outsourcing, companies are increasingly choosing to invest and create jobs in the United States.
Manufacturing in the U.S. is starting to make a comeback, and is poised for even bigger gains in the years ahead.
That, at least, is the way the optimists see it.