US Should Help Its Manufacturing Firms Move out of China: Kudlow

US Should Help Its Manufacturing Firms Move out of China: Kudlow
White House National Economic Council Director Larry Kudlow speaks during a "small business relief update" video conference call event with banking executives to discuss the U.S. government's rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. Reuters/Kevin Lamarque
Cathy He
Cathy He
EDITOR
|Updated:

White House economic advisor Larry Kudlow suggested that the administration could lure U.S. companies to move back to the United States from China by paying for the entire cost of capital spending associated with relocation.

“Plant, equipment, intellectual property structures, renovations—in other words, if we had 100 percent immediate expensing, we would literary pay the moving costs of American companies from China back to the U.S.,” Kudlow told Fox Business on April 9.
Cathy He
Cathy He
EDITOR
Cathy He is the politics editor at the Washington D.C. bureau. She was previously an editor for U.S.-China and a reporter covering U.S.-China relations.
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