The Monroe Doctrine, a cornerstone of U.S. foreign policy dating back to 1823, is once again in the spotlight as President-elect Donald Trump and Rep. Mark Green introduce new legislation to address China's growing influence in Latin America.
Rep. Green, a Tennessee Republican and Homeland Security chairman, unveiled two bills aimed at encouraging investment in Latin America and reshoring manufacturing jobs from China. The Western Hemisphere Nearshoring Act proposes using tariffs to create a low-interest loan program for companies relocating from China to Latin America. Another bill, the Bring American Companies Home Act, suggests using tariffs collected on Chinese goods to provide tax incentives for U.S. companies bringing operations back to the U.S.
