Amid recent tariff announcements and the threat of major disruptions in the supply chain, businesses are taking a hard look at their U.S. presence. Christopher Lloyd, who leads McGuireWoods Consulting’s Infrastructure and Economic Development team, shares his perspective on how the tariff battle might impact manufacturing development. Lloyd specializes in site selection and economic development incentives negotiations at McGuireWoods Consulting.
Given the current tariff situation and supply-chain disruptions, what are some of the top concerns for businesses looking to expand manufacturing in the United States?
While the threat of increased tariffs could cause supply-chain disruptions and increase the cost of building new factories in the United States