Obama Signs Manufacturing Enhancement Act

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Wednesday, 11 August 2010 10:33

In 1980, around the time that globalization exploded and free trade agreements became more prevalent, the U.S. had 19.2 million manufacturing jobs. Since then, the sector's total employment has fallen to just 11.6 million as jobs are outsourced to low-wage nations, like Mexico and China.

President Barack Obama on Wednesday signed into law a piece of legislation designed to ease costs for U.S. manufacturers by reducing tariffs on raw materials and other component parts not readily available in America.

Source: OpEdNews

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