The US is in second place behind China for manufacturing output. US manufacturing often goes unnoticed as we tend to produce expensive things - like jet engines, spacecraft, processors, and medical devices.
And it is also goes usually unnoticed how funny is the accounting of US manufacturing output.
From accounting the whole value of the widget, and not just added value from manufacturing processes if inputs are imported, effectively, already pre-assembled (this is how I believe all "Made in USA" TVs are made.)
Factoring in obscene IP value as a "material" component along with some bs called "goodwill."
The "realisation" of revenue across borders, and so on, and on, and on.
From accounting the whole value of the widget, and not just added value from manufacturing processes if inputs are imported, effectively, already pre-assembled (this is how I believe all "Made in USA" TVs are made.)
Factoring in obscene IP value as a "material" component along with some bs called "goodwill."
The "realisation" of revenue across borders, and so on, and on, and on.