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Industry News
5th April 2017

Report: U.S. lags in production of high-tech factory equipment

The U.S. trails Japan and Europe in producing the advanced technology increasingly needed by manufacturers around the world, according to a new report. The Wall Street Journal cited numbers from the Commerce Department indicating a trade deficit of more than $4 billion between the advanced factory equipment industry in the U.S. and those of the global market leaders — Japan, the European Union and Switzerland — in 2016.

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