Without regard for personal political preferences, the tax cut and deregulation activities engaged in by the administration of President Donald Trump deserve some of the credit for luring manufacturing companies back to American shores.
Additionally, Trump’s trade war with China, which has levied significant tariffs on Chinese goods, is another partial reason that manufacturing is moving from China to the United States. Although it is debatable to what extent this additional taxation on commercial trade has had on this trend, it’s impact on companies’ reluctance to continue to outsource production to the Asian powerhouse is significant.
