Bloomberg Business Weekly published an article signed by the author: Relying solely on tariff imposition cannot achieve the revival of American manufacturing, but may instead bring negative impacts.
The author suggests that the United States should draw lessons from China's successful experiences and adopt the following strategies:
1. Attract foreign investment: By welcoming foreign enterprises to set up factories in the U.S., enhance local manufacturing capabilities and technical levels.
2. Build industrial clusters: Establish industrial parks similar to Shenzhen in China, concentrate resources and talents, and promote innovation and production efficiency.
3. Develop advanced manufacturing technologies: Invest in frontier technologies such as artificial intelligence to promote the modernization of manufacturing.
4. Maintain American advantages: Continue to support higher education and research institutions, attract global talents, especially in STEM fields.
5. Encourage immigration policies: Formulate policies beneficial to high-skilled and low-skilled immigrants to meet the human resource demands of manufacturing.
What the U.S. is currently doing is repatriating illegal immigrants, restricting foreign students from studying in the U.S., and imposing technological blockades on other countries. Boasting of its strength, it considers itself unapproachable, acts domineeringly, and is gradually moving further away from decoupling with the world.
Original article: https://www.toutiao.com/article/1833655629163532/
Disclaimer: The article represents the views of the author alone.