Manufacturing
The president has touted the resurgence of manufacturing in America in two SOTU speeches. He has stated among other things that our manufacturing sector is adding jobs, 620,000 new manufacturing jobs over the last four years, for the first time since the 1990s. This resurgence is fueled by abundant natural gas production, which the President stated in a trip to the Marcellus Shale region outside Pittsburgh on January 30th. At this event, President Obama and US Steel CEO Mario Langhi provided some much-needed context into how the steel manufactured there is used in our daily lives. More specifically, the steel made at this facility is being used to manufacture pipelines needed to bring natural gas to our homes. And while the steel industry manufactures and provides pipelines, the natural gas industry has supplied steel plants with cheap natural gas, which keeps production costs down. Interesting that the President takes credit for increased manufacturing that largely comes from natural gas derived from fracking which he and his supporters abhor via pipelines that he does not approve. He says his administration has launched two hubs for high-tech manufacturing. One is in Youngstown, Ohio and is focused on 3-D printing and one focused on energy-efficient electronics in Raleigh, North Carolina. He has announced the next two advanced manufacturing hubs. One is in the Detroit area, and the other is in Chicago, Illinois. All these hubs are partnerships that bring together companies and universities to develop cutting-edge technology, train workers to use that technology, and then make sure that the research is translated into real-world products made by American workers. Sound good? Well it is supposed to sound good. But doe sit make a difference or just spend money? We will have to wait and see.

Apple CEO Tim Cook and President Trump toured a Texas computer factory to tout US manufacturing

11/22/19
from CNBC,
11/20/19:

Apple CEO Tim Cook and President Trump toured a manufacturing plant in Austin, Texas.The tour was a public symbol of Trump’s close relationship with Cook, and also provided an opportunity for the president to showcase a leading American company that’s manufacturing in the U.S. as Trump struggles to put into place the first piece of a U.S.-China trade agreement. The two have a warm relationship, but Trump wants Apple to assemble its computers in the U.S.The relationship between the two men has been cultivated over the past few years through dinners, meetings and Cook’s membership on key presidential advisory councils.

“When you build in the United States you don’t have to worry about tariffs,” Trump said on Wednesday

The Mac Pro is “an example of American design, American manufacturing, and American ingenuity,” Cook said. In June, Apple announced a new Mac Pro design. The company didn’t specify where it would be manufactured, but the Wall Street Journal reported that it would be assembled in China. Earlier this year, Apple applied for tariff exclusions for 15 parts needed to assemble the computer. When 10 out of the 15 exclusions were granted in September, Apple said it planned to manufacture the Mac Pro in the same facility in Texas that was used for the previous model. The Mac Pro computer will go on sale in December

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