Bipartisan Support for US Production and Reshoring Likely, Experts Anticipate
The newly shuffled Congress likely will have areas of bipartisan agreement around trade and industrial policy, experts said during a Dec. 14 webinar hosted by Crowell & Moring. There likely will be bipartisan bills aimed at strengthening and reshoring U.S.…
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production in critical sectors like rare mineral extraction and electronics in the vein of the Chips Act, the firm's senior policy director Scott Douglas said. With competition with China at the "top of mind" for both parties, "a host of Buy American" or similar issues are likely to be passed by Congress that could involve changes in trade policy, environmental standards or labor issues, Kate Beale, another senior policy director, said.