WASHINGTON — The path to a manufacturing revival in the U.S. lies with the government taking steps to reduce the trade deficit by pursuing new investment policies for manufacturing and pressuring countries to eliminate currency manipulation, a report released Thursday by the Economic Policy Institute said.
EPI, a nonpartisan think tank, suggested that a new national manufacturing strategy combined with action to eliminate currency manipulation could create an estimated 620,000 to 1.3 million manufacturing jobs, reduce the U.S. goods trade deficit by $190 billion to $400 billion over three years and increase U.S. gross domestic product by $225 billion to $473.7 billion.
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