US National Power Industries Are at Risk

The report highlights how the United States is rapidly losing ground in key national power industries—sectors essential for both economic security and military strength. It reveals steep declines in enabling and dual-use manufacturing, from employment and capital investment to value added, even as China accelerates its dominance in advanced industries. These trends expose growing strategic vulnerabilities, threatening America’s ability to innovate, compete, and maintain supply chain resilience. The analysis underscores that without deliberate action and targeted industrial policy, the erosion of these sectors will have lasting consequences for U.S. national power.