In the current trade debate and tariff maelstrom, alternative strategies should be garnering greater attention. A combination of policies such as a stronger skilled workforce, reduced corporate tax rates and regulations (largely implemented), lower U.S. $, a Value Added Tax, lower healthcare costs and universal use of Total Cost of Ownership for sourcing decisions would offer greater effectiveness with less collateral damage and minimal retaliation. When implemented, these strategies will eliminate the U.S. goods trade deficit, increase manufacturing by 40%, increase manufacturing employment by 5 million jobs and make both steel producers and users more competitive. The challenge is how to select, pass and implement these optimal policies.
At the June 8th U.S. House Manufacturing Caucus, Harry Moser presented content from the Reshoring Initiative’s "Competitiveness Toolkit a program that guides government entities to select the most-effective national policies to bring back the highest possible number of manufacturing jobs.
Good manufacturing policy decisions will be made only if popular misconceptions about manufacturing are corrected. See presentation slides