Most political analysts agree that Donald Trump won the presidency on the backs of long-suffering blue-collar workers in industrial states. His campaign was propelled by a promise to revive manufacturing through trade, tax and regulatory policies. After nearly three years in office, the results are unfortunately tepid in terms of engineering a real boom in this sector, and the trends in recent months signal spreading weakness. Nonetheless, manufacturing is stronger than it was when he took office, and policy support is still in place for growth. Headwinds from trade policy and political uncertainty, however, are restraining a more robust growth path.
Imported from the CTE archive to seed discussion on MFGAxis.
Originally published on CTE: 2019-11-21
CTE source: https://ctemag.com/news/has-trump-delivered-his-promise-revive-us-manufacturing/
Legacy path: /has-trump-delivered-his-promise-revive-us-manufacturing