Congress MP introduced a bill to bring American companies back from China - World-Wire

Congress MP introduced a bill to bring American companies back from China - World-Wire

An influential MP has introduced a bill in Congress to help US companies get their manufacturing plants back from China to their country. It is believed that a large number of American companies will exit China in the coming days due to the coronavirus epidemic. The bill ‘Bring American Company Home Act’ introduced by US lawmaker Mark Green called for covering the full cost of bringing these companies back and the import duty on China imports. C…

It is noted that although the US raises tariffs to 300 percent, thousands of companies will continue to produce in China. The reason? An industrial ecosystem so efficient that countries like Ecuador are literally decades (and hundreds of billions of dollars) away. That’s why Trump’s bringing jobs back turned the trade deficit into a public enemy. But, factories don’t return to Ohio, Detroit, or any U.S. city. Instead, thousands of U.S. companies…