--The Trump administration is seeking to make deals with companies across 20 to 30 critical industries before next year's midterm elections, Reuters said, citing sources familiar with the matter.
--The plan intends to use government power to push companies to move manufacturing to the U.S., reduce dependence on China, strengthen supply chains for critical products and contribute to the government's revenue, Reuters reported.
--The administration is offering tariff relief to companies in exchange for concessions, revenue guarantees or equity stakes, according to the report.
--The effort is intended to deliver Trump political wins before the midterms and a critical part of the plan is announcing the deals from the White House, Reuters reported.
--The administration is targeting industries including semiconductors, AI, quantum computing, critical minerals, ship building, energy, battery production, pharmaceuticals and freight, according to Reuters.
The full article: https://www.reuters.com/business/healthcare-pharmaceuticals/trump-administration-targets-deals-dozens-industries-before-midterms-2025-10-02/
Write to Nicholas G. Miller at [email protected].