Quote:
Originally Posted by skarra
Agreed. This tariff war is plain foolish.
Manufacturing and the IP along with it went out years ago. We all benefited from it and so let’s move on and do what we do best, services.
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OK... so let's let SERVICES make our steel, cars, pharmaceuticals, computer chips, etc etc. Our core manufacturing has been so depleted over the decades. If this was not attempted to be reversed and invest in the USA, we would be unable to be independent in case of war or 'producing countries' (CHINA) hold us as a manufacturing hostage, like depending on THEM for COVID medical supplies.
It's IMPERATIVE for our country to be able to manufacture core products.
This exemplifies the issue:
21 Advantages of Manufacturing in the United States
1. Boosts Economic Growth
The economic impact of USA manufacturing is immense. Manufacturing contributes over $2.3 trillion annually to the GDP, making it a cornerstone of economic stability. By supporting local industries, businesses directly enhance economic prosperity and create a ripple effect that benefits other sectors like retail and services.
2. Creates Job Opportunities
Highly well-paid jobs have been created in the USA’s sector as domestic manufacturing benefits, employing around 12.8 million people to impart the unemployment reduction and as well ensuring families’ dwelling on regular incomes, therefore fortifying the macroeconomic system.
3. Ensures Quality Control
American manufactured products have to maintain steadfast oversight in the production, which is intended for quality use as the key output. This is unlike what other foreign firms lack in the market-edge competition.
4. Reduces Lead Times
Manufacturing in the USA advantages include shorter lead times due to proximity. Business will be able to generate better inventory levels that can respond immediately to fluctuations in the market without waiting for the likes of customs lines at the port.
5. Supports Innovation
USA manufacturing benefits from access to advanced technologies like AI, 3D printing, and robotics. Companies like Ford have leveraged these tools to innovate processes, making production faster and more cost-effective while staying ahead in competitive markets.
6. Improves Supply Chain Reliability
Domestic production minimizes risks associated with long and complex supply chains. For instance, during global crises like the COVID-19 pandemic, American manufacturers were better positioned to maintain operations and deliver goods on time.
7. Enhances National Security
Producing essential goods locally ensures the country’s security. By manufacturing critical items like medical equipment and semiconductors domestically, the USA reduces dependence on foreign suppliers during emergencies.
8. Promotes Sustainability
The drive to sustain manufactories in the USA is the push towards eco-friendly operations. Such as local production significantly decreases carbon dioxide release encompassing shipping while concurrently encouraging reliance on renewable energy sources.
9. Fosters Community Growth
Manufacturing provides work and helps the local economy, too. For example, towns such as those heavily into manufacturing, such as Michigan’s largest city, Detroit—in its automotive industry—find that, by bringing in much more activity into their local areas, whole sectors have growth in terms of education, healthcare, and transportation, among others.
10. Encourages Ethical Practices
Made in the USA advantages also include compliance with labor laws and ethical sourcing of materials. It ensures that their labor rights are not overlooked and also brings in safe workplace standards and fair wages for the workers. It is unlike most offshore factories due to those practices that evoke many questions.
11. Reduces Trade Deficit
This act leads the very way towards reducing our trade deficit, which originated with offshore manufacturing. Producing jobs and developing the economy in the most intelligent way with this itself by leading out national wealth.
12. Leverages Skilled Workforce
In the USA, almost every worker is extremely talented since they get all the training programs and apprenticeships as well. This is because all required labor skills that are necessary to work with emerging technologies will be possessed by these workers.
13. Facilitates Customization
Domestic manufacturing allows businesses to customize products more easily. For instance, a small apparel brand can quickly tweak designs to meet customer preferences without facing long overseas delays.
14. Drives Technology Adoption
The USA manufacturing industry growth thrives on embracing innovations like the Internet of Things (IoT) and automation. These technologies improve efficiency and reduce costs while increasing output.
15. Strengthens Brand Loyalty
Consumers increasingly prefer products made in the USA due to their quality and ethical production. Brands that highlight their local manufacturing efforts often build stronger connections with their audience.
16. Supports Small Businesses
Local manufacturers partner with small businesses, offering them opportunities to scale production without outsourcing. This collaboration fosters entrepreneurship and innovation.
17. Provides Tax Benefits
USA manufacturing also features both federal and state tax benefits. The majority of states will provide credits for the use of renewable resources, or even pay local workers, and this will reduce production costs.
18. Encourages Resilience
Reshoring manufacturing helps companies withstand global economic uncertainties. By producing locally, businesses avoid disruptions caused by geopolitical tensions or international supply chain breakdowns.
19. Aligns with Consumer Preferences
Ethically sourced goods have become a priority for many modern consumers. For that reason, “Made in the USA” products within the border are appealing to buyers who are conscious of responsible production methods.
20. Increases Export Potential
High-quality American products are sought after worldwide. From machinery to agricultural goods, USA-made items dominate global markets, offering significant export opportunities.
21. Drives Long-Term Savings
Although initial costs may be higher, manufacturing in the USA reduces long-term expenses. Savings from fewer returns, lower shipping costs, and reliable operations outweigh upfront investments.