America needs manufacturing. But before we can upend its decline, we must acknowledge the posturing and false mystique around it and begin the real work of changing.
China is still benefiting from robust global demand, but increasing tensions and rising trade barriers with the U.S. are weighing on the outlook.
The total could increase soon. The USTR is reviewing 10% tariffs on a further $200 billion in Chinese imports.
"These findings suggest that tariff worries have had only a small negative effect on U.S. business investment to date."