And here’s what the White House is going to do about it.
President Trump’s maxim that “economic security is national security” comes with an important corollary: A strong manufacturing base is critical to both economic prosperity and national defense.
Policies advanced by the administration under this banner include corporate tax cuts and a wave of deregulation to stimulate investment and spur innovation; steel and aluminum tariffs to bolster core industries; a stout defense against China’s brazen theft and forced transfers of American intellectual property and technologies; a significant increase in the military budget; expansion of Buy American rules for government procurement; and tough steps on trade to level the playing field for American workers, businesses and farmers.
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