With Gains across States and Congressional Districts
The United States has struggled with job creation in the wake of the Great Recession. This report produced by the Economic Policy Institute outlines how ending currency manipulation by 20 countries — including China — could create 5.8 million U.S. jobs in three years.
Resources
ReMaking America
ReMaking America is the second volume on manufacturing policy edited by Richard McCormack.
2014 Summary of AAM National Poll
Findings From A National Survey And Focus Groups Of Likely 2014 Voters
Video: Strategies to Create U.S. Manufacturing Jobs
AAM President Scott Paul outlines ways to boost the manufacturing sector during a CNBC segment.
The Takeaways
Currency manipulation is the primary cause of America’s massive trade deficit, an imbalance that has severely harmed American manufacturing.
Eliminating currency manipulation would reduce the U.S. trade deficit by up to $500 billion in three years. The U.S. GDP would increase by up to $720 billion.
Congress should pass legislation to treat currency manipulation as a subsidy in countervailing duty trade cases, and the administration should actively designate currency manipulators.