On Sunday, Fox Business posted an article about the growth of manufacturing in America.

The article reports:

While some headlines fret over a weak jobs report, Marlin Steel CEO Drew Greenblatt sees something else entirely — a once-in-a-generation boom in American manufacturing that the media is missing.

“This is a re-industrialization of America. This is a fabulous, optimistic time,” Greenblatt told Fox & Friends Weekend on Sunday.

“[And] the mainstream media is missing what’s happening. It’s such an optimistic, good time for a factory worker, and these are good jobs… we need more of these jobs in our country,” he continued, tying the outcomes to President Donald Trump’s tariff structure, which he sees as reversing the long-standing trend of foreign dumping and offshoring.

Greenblatt expects overseas companies to start building inside the U.S. — a shift already underway, he argued.

“We’re having a new opportunity for factories in Germany, factory owners in Japan and England, they’re saying, ‘You know what? We’ve got to rethink this. We have high taxes where we are. We have very expensive energy where we are. And now, when we ship to our biggest client in the world, America, there’s this new 15% tariff, so this is crazy. 

“We’re not going to build in Europe anymore. We’re not going to build it in Japan anymore. We’re going to put that factory in America,’ and, when they do that, they’re going to hire local American workers,” he said. 

So why would companies that have manufacturing facilities in other countries relocate to America? Some of the things a manufacturing company looks for in a location are low taxes, cheap energy, reliable energy, and a relatively skilled workforce. A company is willing to pay a reasonable wage if the tax policies remain friendly and the energy remains cheap and reliable. As the tariffs go into effect, I believe we will see a boom in American manufacturing.