Tariffs won't fix America's manufacturing problem — but AI might, Goldman Sachs says
At Amazon's warehouse, a Vulcan robot uses touch and AI to pick up a product from a mobile shelf.
Wolf von Dewitz/picture alliance/Getty Images
- Tech innovation is more likely than tariffs to revive the manufacturing sector.
- Chinese manufacturing has hurt the sector, but it's not the only cause of the decline, according to Goldman Sachs.
- Manufacturing productivity has slowed after the Global Financial Crisis due to weak investment.
The US manufacturing sector has been in decline for years.