No manufacturing decline?
Surely that must explain why the BNSF railroad spent a billion dollars to triple track their once single mainline headed east from the Ports of LA and Long Beach.
Because there’s nothing that’s being shipped in versus what used to travel around the USA from the Rust Belt.
Yes, I’m certainly convinced that where things are now manufactured has nothing to do with huge investments like the BNSF RR, not to mention port expansions as well.
It’s all just a coincidence. Ask the wizards at IBD.
While it's true that we have current trade deficit with China, we still export over $2T in goods and services annually.
Train tracks don't run in just one direction.