White House eyeing bill to bring businesses back from China to distressed areas of the US

White House Director of Trade and Manufacturing Policy Peter Navarro will sit down next week with Rep. Jenniffer Gonzalez-Colon, a Republican from Puerto Rico, to discuss legislation she crafted to bring companies back from China to distressed areas in the United States.

The measure would offer tax incentives for businesses to move pharmaceutical drug or device manufacturing to “distressed zones” in the U.S. and Puerto Rico. It would also provide tax breaks for goods and services purchased by a manufacturer from a provider located within one of these zones. Incentives would be greater for supply lines that move from overseas and for purchases made from minority-owned businesses.

The bill
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