White House to lure US firms to Latam from Asia

The project could bring US$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.

WASHINGTON/BUENOS AIRES: The Trump administration is readying 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 US$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.