Among his various and sometimes conflicting economic objectives, Donald Trump has identified revitalizing manufacturing as a priority. He has railed against the decline in factory jobs — a complaint that overlooks the jump in U.S. manufacturing employment since 2015 but does reflect the fact that manufacturing today accounts for a significantly smaller share of U.S. jobs than it did 30 years ago.
Canadian policymakers have also been paying more attention to manufacturing, particularly since the 2020-21 COVID shock highlighted the country’s vulnerability to supply chain disruptions. Unfortunately, Ottawa’s preferred game-plan has been to dole out vast taxpayer-funded subsidies to politically favoured segments ...
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