American Alliance Recommends New Manufacturing Strategy

At a June 22, 2011 Joint (House/Senate) Economic Committee hearing on "Manufacturing in the USA: Why We Need a National Manufacturing Strategy?," the Alliance for American Manufacturing (AAM) testified that if Germany could balance its trade with China, so could the U.S. AAM recommended a national manufacturing strategy that has as its top goal the enactment of legislation to allow U.S. workers and firms to seek relief from "the effects of currency manipulation" by China and other countries, using existing U.S. laws. AAM's second recommendation was to retool the National Export Initiative to focus on reducing the manufactured goods deficit to zero.