US manufacturing competitiveness as foundation for economic statecraft (warontherocks.com)

• China's share of global manufacturing exports rose to 20%, US fell to 8%
• 70,000 US firms import from 45,000 Chinese suppliers
• Proposals: tax credits, low-cost loans, capital gains exemptions

"A War on the Rocks article argues the US must rebuild domestic manufacturing to effectively practice economic statecraft. Dependency on Chinese supply chains and lost manufacturing capacity weaken American power. The author proposes transferable tax credits, low-cost loans, and capital gains exemptions to incentivize investment."