When GOP presidential nominee Donald Trump stood shoulder-to-shoulder Wednesday with Mexico’s President Enrique Pena Nieto, the Republican candidate vowed to “keep industry in our hemisphere” in the face of “tremendous competition from China and from all over the world.”
The quote diverges somewhat from his previously stated goals of playing industrial keepaway from Mexico, specifically. But Trump’s promise Wednesday to “keep manufacturing wealth” in the West has nonetheless been a staple of his campaign, regardless of whether Mexico is also entitled to that protection.
It remains to be seen if Trump alone can give the U.S. – and the Western Hemisphere – an industrial shot in the arm, but it would certainly be a welcome boost. The latest manufacturing reports at home and abroad paint an international landscape looking remarkably bleak heading into September.
A purchasing managers’ index published Thursday by the Institute for Supply Management showed the American manufacturing industry’s economic activity contract after five straight months of positive – if a bit underwhelming – growth.