America doubling down on the past — again


The United States is doubling down on yesterday’s manufacturing strategy at the very moment the world is racing toward tomorrow.

That is the core flaw in the manufacturing approach associated with Donald Trump. It mirrors his energy policy: just as he has leaned into fossil fuels while the global economy pivots toward clean energy, his manufacturing vision leans toward reviving legacy industries while the rest of the world builds the future.

This is not a question of whether manufacturing matters. It does. Deeply. The question is what kind of manufacturing the United States should lead — and what kind it should let go.

Right now, we are answering that question poorly.

The current approach is built around tariffs, protection, and the idea that we can broadly “bring manufacturing back.” It sounds strong. It polls well. But it misunderstands how modern manufacturing actually works.

Manufacturing is no longer a single, national activity. It is a global system. Supply chains stretch across continents. Components cross borders multiple times before final assembly. Labor, capital, and expertise are distributed based on cost, capability, and specialization.

Trying to pull all of that back within U.S. borders is not strategy. It is nostalgia. And nostalgia is not a growth plan.

The real question is not whether something is made in America. It is what is made in America.

The United States should be the global leader in:

semiconductors

advanced materials

precision manufacturing

AI-enabled production

clean and high-tech industrial systems

These are the industries where:

productivity is highest

wages are highest

environmental impact is lowest

strategic leverage is greatest

These are the factories where workers earn $100,000 a year — not because of protection, but because of skill, technology, and value creation.

That is the future of manufacturing. And that is where the United States should dominate.

At the same time, we need to be honest about what doesn’t belong at the center of U.S. manufacturing strategy.

Labor-intensive, low-margin production — textiles, basic assembly, commodity goods — will continue to migrate to regions with lower labor costs. That is not failure. That is how global economics works.

The goal is not to win every factory. The goal is to win the most important factories.

A serious manufacturing policy would make that distinction clearly and unapologetically.

While the U.S. debates tariffs, China is building capacity.

It is scaling

solar panels

wind turbines

batteries

electric vehicles.

In other words, China is manufacturing the infrastructure of the future global economy.

The risk is not just environmental. It is strategic and economic obsolescence.

If the United States focuses on protecting legacy industries while China dominates next-generation ones, we are not competing — we are conceding.

There is one clear exception to all of this: national security.

Certain industries must be anchored domestically: defense systems, critical infrastructure components, advanced chips and essential medical supplies

In these areas, resilience matters more than efficiency. Redundancy matters more than cost.

But outside of those domains, the goal should not be blanket reshoring. It should be strategic leadership.

The United States faces a simple but consequential choice:

We can try to rebuild the past — protecting industries that are declining globally, raising costs at home, and falling behind in the sectors that will define the next century.

Or we can build the future — investing in advanced manufacturing, aligning education with high-skill production, and competing where it actually matters.

Right now, we are leaning toward the first path.

Because in both energy and manufacturing, the same pattern is emerging: doubling down on what used to work, while the rest of the world moves on.

And in a global economy that rewards innovation, speed, and scale, that is not just a missed opportunity.

It is a strategic mistake.

Ed Gaskin is Executive Director of Greater Grove Hall Main Streets and founder of Sunday Celebrations

TOPSHOT - US President Donald Trump (C) shows his signature on the "Big Beautiful Bill Act" at the White House in Washington, DC, on July 4, 2025. US President Donald Trump signed his flagship tax and spending bill on July 4 in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran. Trump pushed Republican lawmakers to get his unpopular "One Big Beautiful Bill" through a reluctant Congress in time for him to sign it into law on the US national holiday -- and they did so with a day to spare Thursday. (Photo by Brendan SMIALOWSKI / POOL / AFP) (Photo by BRENDAN SMIALOWSKI/POOL/AFP via Getty Images)President Donald Trump shows his signature on the “Big Beautiful Bill Act” at the White House in Washington, DC, last year. (Photo by BRENDAN SMIALOWSKI/POOL/AFP via Getty Images)

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Huntsman’s Outlook Shifts As US Manufacturing And Aerospace Demand Rebound


  • Huntsman (NYSE:HUN) is seeing renewed growth prospects as U.S. manufacturing activity and aerospace demand pick up.
  • Reshoring incentives, new refrigerant rules, electric vehicle growth and stronger aerospace orders are cited as key demand drivers for Huntsman’s polyurethanes and advanced materials.
  • This shift highlights both improving profitability prospects for Huntsman and ongoing exposure to feedstock volatility and leverage risk.

For investors tracking NYSE:HUN, the stock trades around $13.7, with the share price up 34.4% year to date and 14.9% over the past year, while still down 37.5% over three years and 41.4% over five years. That pattern underlines how Huntsman has been rebuilding from a weaker multi year stretch, with recent U.S. manufacturing and aerospace trends giving fresh attention to its core polyurethanes and advanced materials businesses.

The renewed interest in reshoring, cleaner refrigerants and EV components could shift Huntsman’s risk and opportunity mix, with more exposure to U.S. industrial and aerospace cycles. At the same time, investors still need to keep an eye on feedstock pricing and balance sheet leverage, which remain central to how this new demand backdrop may translate into future returns.

Stay updated on the most important news stories for Huntsman by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Huntsman.

NYSE:HUN Earnings & Revenue Growth as at May 2026NYSE:HUN Earnings & Revenue Growth as at May 2026

We’ve flagged 2 risks for Huntsman. See which could impact your investment.

Quick Assessment

  • ⚖️ Price vs Analyst Target: At US$13.70, HUN trades about 3.7% below the US$14.23 analyst target, which sits comfortably within the typical one standard deviation range of US$12.15 to US$16.31.
  • ❌ Simply Wall St Valuation: The stock is flagged as overvalued, trading 61.1% above the Simply Wall St estimated fair value.
  • ✅ Recent Momentum: The 30 day return of 0.8% lines up with the renewed interest in Huntsman as U.S. manufacturing and aerospace orders pick up.

There is only one way to know the right time to buy, sell or hold Huntsman. Head to Simply Wall St’s
company report for the latest analysis of Huntsman’s Fair Value.

Key Considerations

  • 📊 Reshoring and stronger aerospace demand tie HUN more closely to U.S. industrial cycles, while the stock already trades below the average analyst target.
  • 📊 Watch how revenue, margins and cash flow respond to higher volumes in polyurethanes and advanced materials, given the current P/E of 7.4 times earnings reported as a loss.
  • ⚠️ The company reports a net loss of US$323.0m and its debt is not well covered by operating cash flow, so balance sheet strength is critical if the upturn stalls.

Dig Deeper

For the full picture including more risks and rewards, check out the
complete Huntsman analysis. Alternatively, you can check out the
community page for Huntsman to see how other investors believe this latest news will impact the company’s narrative.

This article by Simply Wall St is general in nature. We provide commentary based on historical data
and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.
It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your
financial situation. We aim to bring you long-term focused analysis driven by fundamental data.
Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
Simply Wall St has no position in any stocks mentioned.

Valuation is complex, but we’re here to simplify it.

Discover if Huntsman might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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