Project delays show US drive of reshoring is unsustainable

By Global Times

Aug 22, 2024 11:54 pm

WHILE the United States' policy of reshoring manufacturing has made progress, prioritizing the promotion of the US manufacturing industry completely over economic efficiency will inevitably pose challenges and uncertainties to the sustainability of its return.

A Financial Times investigation revealed last week that $84 billion of the US manufacturing investments announced in the first year of the Inflation Reduction Act and the CHIPS and Science Act have been delayed or paused indefinitely.

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