American manufacturing has been in a recession for the past year.
by Eric Boehm
Reason.com
It was a blink-and-you’ll-miss-it moment within President Donald Trump’s State of the Union address Tuesday night, but the president appeared to acknowledge that his trade policies haven’t been a winner for American manufacturing.
How else to explain this bit of modesty from the otherwise braggadocious Trump? Here’s what the president said [emphasis mine]:
“After losing 60,000 factories under the previous two administrations, America has now gained 12,000 new factories under my Administration with thousands upon thousands of plants and factories being planned or built. We have created over half a million new manufacturing jobs.”