Puerto Rico Seeks Manufacturing Jobs
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Trump tariff warABC News
•World
World
Puerto Rico seeks to lure manufacturing to boost economy as Trump tariff war deepens
85% Informative
Puerto Rico seeks to lure manufacturing to boost economy as Trump tariff war deepens.
Government officials are jumping on planes to try and convince international companies to relocate their manufacturing plants to the island.
Manufacturing remains the island’s biggest industry, representing nearly half of its gross domestic product.
Puerto Rico is bracing for potentially big cuts in federal funding under the administration of President Donald Trump .
“ Puerto Rico needs more reliable energy for the economic growth to improve,” a federal control board official says.
Puerto Rico has to address some issues that create additional costs for investors to come here, he says.
Other challenges remain: Relocating operations takes years , not months, and other countries also vying for attention.
VR Score
89
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89
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66
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66
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