U.S. officials are working with foreign investors to identify weaknesses in domestic manufacturing supply chains and help small and medium-sized businesses expand capacity as investment in U.S. manufacturing increases, Reuters reported.
Assistant Secretary of the Treasury Chris Pilkerton and Small Business Administrator Kelly Loeffler told Reuters that President Donald Trump's tariffs on imports and efforts to reduce regulation were encouraging overseas companies to invest in U.S. manufacturing. However, officials said stronger investment would need to be matched by reliable access to components and suppliers.
