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US factories keep losing ground to global rivals

from The Wall Street Journal

America's shale boom has raised hopes of a revival in U.S. manufacturing, in part fueled by cheaper energy. But U.S. factories still are losing ground to rivals in Asia and Europe. Much of the problem stems from steel, trucks, car parts, industrial machinery and furniture. The U.S. deficit on trade in goods swelled in the first half to $371.59 billion from $354.64 billion a year earlier. Imports rose 3.3 percent, while exports increased 2.6 percent. more


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