American Manufacturers Are Reshoring, And The Big Beautiful Bill Helped
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American Manufacturers Are Reshoring, And The Big Beautiful Bill Helped
‘President Trump gave manufacturers the foundation, competitiveness and certainty to invest.’
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After decades of decline, American manufacturing has turned toward modest growth and reshoring: new investments, new factories, new jobs. The Trump administration, which has a mixed record of drawing attention to the change in the business environment, shares the credit with the entrepreneurs who are doing the rebuilding.
The admin did the most important thing government can do: It got out of the way. But a set of mixed economic signals suggests that government could get out of the way a lot more.
Start with the good news. A report released this week by the National Association of Manufacturers (NAM) describes new investments in manufacturing in every state, starting with the construction of a new aluminium plant in Alabama that will be built at the projected cost of $5 billion.
The manufacturing association credits H.R. 1, the Trump-promoted One Big Beautiful Bill (OBBB), for the arrival of growth and new investment. “By signing H.R. 1 into law,” the association states, “President Trump gave manufacturers the foundation, competitiveness and certainty to invest — in new facilities and equipment, jobs and wage growth, cutting-edge research and our global competitiveness.”
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