Trump administration identifying ways to bring manufacturing back to the U.S.

Numerous U.S. agencies, as well as the departments of State and Commerce, are acting on President Trump’s request to look for ways to encourage companies to move sourcing and manufacturing out of China and back to the U.S. or other friendly nations. Officials are considering tax incentives and reshoring subsidiaries. Keith Krach, undersecretary for Economic Growth, Energy and the Environment at the State Department told Reuters, “We’ve been working on reducing the reliance of our supply chains in China over the last few years, but we are now turbo-charging that initiative.” President Trump has pledged to bring manufacturing back to the U.S.