U.S. Manufacturers Regaining Competitive Edge

The Wall Street Journal has reported that U.S. manufacturers are gaining ground and working hard to turn things around after struggling for more than ten years to remain competitive against China, South Korea, and other “export powerhouses”. According to Ernest Preeg, an economist and trade expert, this is greatly influenced by the narrower trade deficit on manufactured goods, which shrank to $225 billion from $227 billion last year.

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