Manufacturers Association Asks for Stricter trade laws in america
According to a Business Journal article, “AK Steel CEO James L. Wainscott, during a speech for the 100th anniversary of the Ohio Manufacturers Association, is urging changes designed to nearly double the percentage of manufacturing that accounts for America's Gross Domestic Product…..
“Today manufacturing -- "the engine of our economy"-- represents about 12% of America's gross domestic product, Wainscott said, calling for changes to boost the percentage to 20% by 2020. "Not only does it have a nice ring to it, but it would do wonders for our jobs, for Ohio and our country," he said. "It would be our industrial renaissance."
Wainscott said that America shouldn’t have to compete with foreign governments; so, he asked “American regulators to adopt a reasonable regulatory approach…and enforce existing trade laws.”
The article reports that “while Ohio has seen a decline in overall manufacturing jobs, manufacturing continues to be a major economic driver in Ohio, accounting for more than 600,000 Ohio jobs and making the sector the state's No. 1 supplier of non-government jobs.”