Rep. McCaul: Instead of tariffs, ‘grant-incentivizing’ eyed for reshoring supply chains

Instead of using tariffs initially favored by President Trump, the administration and some members of Congress are eyeing state and local government grants to incentivize more domestic production in critical areas and move toward further decoupling from China, Rep. Michael McCaul (R-TX) said on Thursday. McCaul – ranking member of the House Foreign Affairs Committee and chairman of the recently formed GOP “China Task Force” – singled out medical and technology supply chains as key areas in which the U.S...