Manufacturing jobs coming back to US: Trump
Team Udayavani, Oct 7, 2017, 1:05 PM IST
Washington DC (USA): The manufacturing jobs are coming back to America, President Donald Trump has said, asserting that his administration has already created tens of thousands of new jobs and is working to improve US’ business climate.
Proclaiming October 6 as the national day of manufacturing, Trump said American manufacturers were consistently finding new ways to incorporate advanced technology into the traditional assembly line to produce previously unfathomable breakthroughs in areas like aerospace, medicine and computers.
These manufacturers are writing their chapter in the story of American innovation while providing countless job opportunities to machinists, designers, computer programmers and engineers among others, he said yesterday.
“Plants and companies are coming back into our country.
You see it with announcements now from automobile companies to every kind of company. They’re coming back in and, perhaps, even more importantly, they don’t want to leave anymore because they know they’re leaving a very good thing,” Trump said while signing a national manufacturing day proclamation.
He said manufacturing jobs are coming back to the US and his administration has already created tens of thousands of new manufacturing jobs.
In 2016, manufacturing contributed more than 11 per cent to America’s gross domestic product and employed more than 12 million workers.
The American manufacturers of the 21st century employ innovative minds equipped with problem-solving skills and knowledge steeped in science, technology, engineering and mathematics to build their incredible products, Trump said.
It is no surprise, then, that manufacturing workers earn higher annual salaries on average than similar workers employed in other sectors, he said.
Trump said if Congress acted on his historic tax cut, the largest in the history of the country, and also on his tax reform, the figures would grow even more.
Under the current law, products made in America are taxed at a marginal rate of 35 per cent, and sometimes much higher than that, putting manufacturers at a tremendous disadvantage to the manufacturers in other countries.
“We want to dramatically reduce the tax on American manufacturers so that we can compete and win on the world stage. The receptivity to what we’re proposing is fantastic.
We’re keeping our companies, and the companies are coming back in. And perhaps, most importantly, we’re making our workers happy, and they love to work,” he said.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
COP29: UN climate chief calls for urgent climate action to counter economic fallout, inflation
35 killed, 43 injured as driver hits crowd in Chinese city
UN climate summit runs into agenda fight on first day
‘Pure fiction’: Kremlin denies western media reports of phone call between Trump and Putin
China to display new fighter jet drone ship at its airshow
MUST WATCH
Latest Additions
FSSAI directs online platforms to deliver food items with minimum 45 day shelf life
Maharashtra Elections | PM Modi has eliminated terrorism, Naxalism; Article 370 not coming back: Amit Shah
Ayodhya: Security beefed up around Ram Temple after ‘threat’ by pro-Khalistan leader Pannun
India successfully test-fires long-range cruise missile
Blind T20 WC: Indian team eyes clearance from MHA, MEA; Sports Ministry clears travel to Pakistan
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.