Goldman Sachs Says One Catalyst Could Reverse Stagnant US Manufacturing Productivity – And It’s Not Tariffs: Report
2025/06/30 16:00US banking titan Goldman Sachs reportedly says that there’s one catalyst that can spark an American manufacturing resurgence.
Goldman says in a note to investors that artificial intelligence (AI) advancements have massive potential to boost US manufacturing, reports Fortune.
Says Goldman analysts, including Joseph Briggs,
“A pickup in the pace of innovation – potentially from recent advances in robotics and generative AI – therefore remains the catalyst most likely to reverse the long-run stagnation in manufacturing productivity.”
Goldman analysts say AI is a much better bet for a US manufacturing boost than the tariffs that US President Donald Trump is pushing, claiming that the taxes on imported goods will return manufacturing to the USA and increase jobs.
“Tariffs are unlikely to result in much reshoring because production costs in other countries are well below the US for most products (even after accounting for tariffs), and China will likely continue to grow its exports on the back of cost advantages and industrial policy support.”
Briggs also emphasizes the need for the US to ramp up its efforts in advancing factory automation.
“This is one of the key technologies that I think could drive productivity growth in a cost-competitive manner. And we just haven’t seen that occur on a meaningful scale yet.”
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The latest SOL proposal aims to reduce the inflation rate, but what are the opponents thinking?
The Solana community has proposed SIMD-0411, which would increase the inflation deceleration rate from 15% to 30%. It is expected to reduce SOL issuance by 22.3 million over the next six years and accelerate the reduction of the inflation rate to 1.5% before 2029.
IoTeX launches the world's first on-chain identity solution ioID designed specifically for smart devices
ioID is revolutionizing identity management for smart devices, allowing DePIN to authenticate devices, protect data, and unlock next-generation application scenarios within a user-owned ecosystem compatible with any blockchain.
Mars Morning News | Last week, global listed companies made a net purchase of $13.4 million in BTC, while Strategy did not buy any Bitcoin last week
Expectations for a Federal Reserve interest rate cut in December have risen, with Bitcoin briefly surpassing $89,000 and the Nasdaq surging 2.69%. There are internal disagreements within the Fed regarding rate cuts, causing a strong reaction in the cryptocurrency market. Summary generated by Mars AI. This summary is generated by the Mars AI model and its accuracy and completeness are still being iteratively updated.
The covert battle in the crypto industry escalates: 40% of job seekers are North Korean agents?
North Korean agents have infiltrated 15%-20% of crypto companies, and 30%-40% of job applications in the crypto industry may come from North Korean operatives. They act as proxies through remote work, using malware and social engineering to steal funds and manipulate infrastructure. North Korean hackers have stolen over $3 billion in cryptocurrency to fund nuclear weapons programs. Summary generated by Mars AI. This summary is generated by the Mars AI model, and its accuracy and completeness are still being iteratively improved.
Trending news
MoreCrypto prices
More
