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'Made in America' more attractive to manufacturers

Published on Sep 23, 2012 3:02 PM
 
Marilyn Haynes of Ira, Michigan works on the production of the new hybrid transmission for Ford's five new electric and hybrid vehicles at Ford Motor Company's Van Dyke Transmission Plant Aug 2, 2012 in Sterling Heights, Michigan. -- PHOTO: AFP  

NEW YORK (AFP) - Watch out China and Canada, "Made in America" has an attractive ring to it these days.

Four years after the height of the financial crisis, marked by a drastic drop in salaries, the United States is again finding favour among manufacturers.

Out on the campaign trail ahead of the Nov 6 elections, President Barack Obama has picked up on the point to convince voters that the US economy is back on track.

"After years of undercutting the competition, now it's getting more expensive to do business in places like China," he said in May, adding that both wages and shipping costs were up in the single-party state known for attracting foreign firms that often subsequently cut jobs back home.

 
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