U.S. manufacturers are leaving China behind – Stan Tashman & Associates, Inc.

The United States exported more goods and services in March than in any single month in its history: $172.7-billion (U.S.) worth. It was the country’s 21st consecutive month of rising exports, pushing the year-over-year increase to 20.9 per cent. In these 12 record-setting months, exports reached within one-tenth of 1 per cent of $2-trillion – more than four times the cost of the country’s imports of crude oil. This is significant. People are starting to take notice. Markets writer Joseph Lazzaro (on the Daily Finance website) anticipates that the U.S. up-trend in exports could last for years and turn its intractable trade deficit into a surplus. More dramatically, Boston Consulting Group (BCG), a global management consulting firm, discerns “a renaissance” in manufacturing that will, within five years, lure major U.S. corporations to return home from China.