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

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.