White House To Lure U.S. Firms To LatAm From Asia In Nearshoring (RTRS)

"The Trump administration is working on a new initiative that would use
financial incentives to encourage U.S. firms to move production facilities
out of Asia and into the United States, Latin America and the Caribbean,
a senior White House adviser said on Wednesday. The project could
bring $30 billion to $50 billion in U.S. investment back to the Americas,
Mauricio Claver-Carone told Reuters in an interview, adding that infrastructure, energy and transportation could be the first potential areas of focus. "We're essentially creating a 'Back to the Americas' initiative," he said. That would include both reshoring to bring some investment to the United States and moving some investment to Latin America and the Caribbean - or so-called 'nearshoring' - Claver-Carone said. Claver-Carone is the U.S. candidate to be the next head of the Washington-based Inter-American Development Bank (IDB), Latin America's principal development finance institution... He said he had "overwhelming support" from countries in Latin America and the Caribbean."