President Donald Trump, who has vowed to stop U.S. manufacturing from disappearing overseas, is seeking job-creation advice from at least six companies that are laying off thousands of workers as they shift production abroad. Caterpillar Inc.(CAT.N), United Technologies Corp.(UTX.N), Dana Inc.(DAN.N), 3M Co.(MMM.N), Timken Co.(TKR.N) and General Electric Co.(GE.N), are offshoring work to Mexico, China, India and other countries, according to a Reuters review of U.S. Labor Department records. (Graphic: tmsnrt.rs/2lk9N5W)
Reduce trade deficit/ increase exports. Trade deficits’ are ALWAYS detrimental to their nations’ GDPs and the detriments are leveraged; they’re significantly larger than the deficits themselves. This market driven proposal’s expenses are entirely borne by U.S. purchasers of foreign goods.
Outsourcing of our manufacturing base by multinational companies has made segments of our economy vulnerable when key products in the supply chain are suddenly removed by natural disasters or political events outside of our country.
As the 2010 hurricane season officially got underway Tuesday, a new report said underwater oil pipelines in the Gulf are extremely vulnerable to strong currents and waves from the hurricanes that roar by above.
The Dutch are providing a sweeping arm system to try and help with the BP disaster clean up.
Photograph story of the disaster being caused by the underwater oil plume.