President Trump’s promise to restore American manufacturing jobs contributed to his successful campaign. But now that he is in the White House, how should this administration best fulfill its promise to strengthen U.S. manufacturing?
Indeed, the United States runs a manufacturing trade deficit of $630 billion, and closing it would create many manufacturing jobs. Yet many pundits’ dismissive responses have ranged from “this is totally trivial” to “it will never work,” “picking winners only reduces economic welfare,” and “we shouldn’t care about manufacturing.”
