US manufacturing is booming—but companies need factory space. Meanwhile, Tesla doubles down on China, Indonesia wants to join the US EV tax credit party, and a wheat blast disease pandemic could threaten global food security.
Ford has announced that it will collaborate with a Chinese State-backed supplier in establishing a battery plant for electric vehicles in Michigan. This despite the fact that an EV battery plant dependent on Chinese technology runs contrary to ambitions to shore up dependence on Chinese players and increase sustainable American industrial capacity.
A Congressional commission calls for revoking China's normal trade status, investors balk on China, friendshoring goes mainstream, and Ford champions a return to in-house production – while MAC Automation Concepts and Code Corporation in the US; Brandauer and In-Comm Training in the UK take action.
Reshoring, especially from China, is essential to American resilience. Here, Harry Moser proposes a framework and set of policy measures to level the industrial playing field. These could bring the total reshored US jobs to 5 million, a 40 percent increase in manufacturing, and full American resilience.
US critical mineral capacity remains critically inadequate, China buys up Indonesia’s cobalt, and what are the prospects for made in USA uranium? Plus, US GDP grows, but pain under the surface, tech players crumble, and manufacturing stalls.