China’s investment in research and development targets technology with the intent of usurping America’s leadership. The United States needs to get to work.
The Alliance for American Manufacturing (AAM) was founded in 2007 by leading domestic manufacturers and the United Steelworkers, North America’s largest industrial union, with a clear mission: strengthen American manufacturing through smart public policies.
Factories gained 21,000 jobs in February. But the sector is still down 561,000 jobs since February 2020.
BUREAU OF LABOR STATISTICS
Bad news on the imports front: The U.S. trade deficit in goods hit record highs in January, reaching $221.1 billion.
U.S. CENSUS BUREAU
Capacity utilization for manufacturing hit 74.6% in January, which is an increase but still below typical averages.
U.S. FEDERAL RESERVE
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