What Does It Take to Revive U.S. Manufacturing? Part 1: Structural Headwinds Facing the United States

Bridgewater, in partnership with industrial technology investment firm Eclipse, released a study exploring the structural challenges of reviving U.S. manufacturing. Currently, about 40% of goods consumed in the U.S. rely on imports, with a manufacturing job gap of nearly 5 million over the past 20 years. For some product categories, even a 25% tariff cannot close the gap between domestic and foreign production costs. U.S. manufacturing productivity has stagnated for 15 years, and boosting productivity is the core path to enhancing the competitiveness of domestic manufacturing.